(Reuters) - Kraft's offer for Danone's biscuit division, which includes the LU, Prince and Tuc brands, will give the U.S. food giant a stronger foothold in Europe and in emerging markets and access to an extra 36 factories worldwide.
It will allow Danone to focus on the health range in its fast-growing dairy and drinks business, pay off some 2.9 billion euros of debt and raise cash for future possible acquisitions.
Read more at Reuters.com Business News
It will allow Danone to focus on the health range in its fast-growing dairy and drinks business, pay off some 2.9 billion euros of debt and raise cash for future possible acquisitions.
Read more at Reuters.com Business News
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