Yakult plunges after Danone's S$1.8b share sale plan
Fri, Feb 16, 2018 - 5:50 AM
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.
SPH FILE PHOTO
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.