General Mills to acquire Yoplait stake - reports
The months’ long competition for 50% ownership of global yogurt brand Yoplait is reportedly reaching its end, with industry giant General Mills said to have sealed the acquisition deal for $2.2 billion, besting rivals including PE players and China’s Bright Food Group.
Global reports indicate that General Mills has valued Yoplait at €1.6 billion ($2.2 billion), which equates to 8x return for PAI Partners, the French private equity firm that bought the 50% stake in...
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