Danone : Potential sale of the stake in Mengniu valued at € 1.8bn. Cash return or financing of a forthcoming acquisition?
>The announcement could be well received - The potential sale of the 9.8% stake in Mengniu is part of the Local 1st plan strategic review and could represent a cash-in of € 1.8bn. Insofar as the top management indicated at the 2020 results that a cash return was among the options, this announcement should be well received. This sum represents close to 5% of the current market capitalisation.Caution is called for, however: 1/ the dividend that will be paid for 202...Danone is engaged in activities in the global food and beverages industry. Co. operates in four markets: Fresh Dairy Products (Co. produces and sells yogurts, fermented dairy products and other fresh dairy products); Waters (Co. produces and sells natural waters as well as flavored and vitamin-enriched waters products); Early Life Nutrition (Co. produces baby formula, milk-and fruit-based desserts, cereals, small pots of baby food and ready-made baby food); and Medical Nutrition (Co. develops adult and pediatric clinical nutrition products to be taken orally, or through a catheter in the event of malnutrition related to illness or other causes).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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