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Yakult plunges after Danone's S$1.8b share sale plan

After the stake sale, Yakult and Danone will continue to work on expanding distribution of the Japanese yoghurt-drink maker's products in European markets including Spain.


YAKULT Honsha shares fell the most in 19 months after Danone, the world's largest yoghurt maker, announced plans to sell about US$1.8 billion of the Japanese company's stock amid pressure from an activist investor to boost returns.

Yakult will offer as many as 24.6 million...

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