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General Mills Buys $1.15B Yoplait Stake
General Mills will acquire a 51% stake in French yogurt maker, Yoplait, for $1.15 billion.
General Millswill acquire a 51% stake in French yogurt maker,Yoplait, for $1.15 billion,The Wall Street Journalreports. The U.S. food company is seeking to complete the deal this summer.
Yoplait is jointly owned by private equity fund,PAI Partnersand French dairy co-operative,Sodiaal, addsReuters. As part of the agreement, General Mills will partner with Sodiaal to boost the Yoplait brand and businesses globally.
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