Danone : Danone takes back control in China and picks up Dumex brand
>Diversification of the operating footprint - Outperform rating maintained. We think that looking beyond the improvement in operating execution, the main factor driving the re-rating is still the strategic refocusing on the core business coupled with the operating diversification. The announcement on Friday evening of the group’s exit from the JV in fresh dairy products with Mengniu, the disposal to the latter of Danone’s stake in Yashili and the acquisition of the ba...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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