Danone buys producer of organic food for $ 12.5 billion

• The largest French yogurt maker Danone buys US company for the production of organic products Power WhiteWave Foods for $ 12.5 billion., Which includes the payment of debt
• Thus, WhiteWave Foods shareholders will receive $ 56.25 for each security.
• The transaction has been approved by both companies' boards of directors. Closing of the transaction is scheduled for the end of the year, provided that all necessary approvals will be obtained.
• The last major acquisition of Danone was the Dutch company Royal Numico NV production of baby food, which the French manufacturer had bought in 2007.
• Danone Analysts predict an increase in the company's profit after only a year after the purchase WhiteWave.
• According to the general director of Danone Emmanuel Faber, Danone expects the transaction due to significantly strengthen its position in the North American market. Besides, he adds, from Danone will have more affluent customers, who purchase products for a healthy nutrition WhiteWave.
• After taking the post of general director Danonev 2014, Emmanuel Faber stated his intent to return to the French company "strong profitability and sustainable growth" by 2020. At the same time, he resumed business in China and restructured the division of dairy products.
• The Danone confident that the company will take a leading position in the market of refrigerated dairy products in the United States due to this transaction.