Monday, July 2, 2007

Danone rises on talk it may sell biscuit unit

(Reuters) - PARIS, July 2 - Shares in Danone rose as much as 3.1 percent on Monday as a source familiar with the matter and media reports said the French food group is looking to sell its biscuit unit to focus on its yoghurts and drinks.



Over the weekend, a trade union source told Reuters Danone's biscuit unit management and trade union representatives would meet on Tuesday to discuss possible changes at LU biscuits, sparking speculation over the division's future.


Read more at Reuters.com Mergers News

No comments: