Danone announces the sale of Vega as part of its portfolio review
17 Giugno 2021 - 6:03PM
Danone announces the sale of Vega as part of its portfolio review
Press Release – Paris, June 17, 2021
Danone announces the sale of
Vega as part of its portfolio
review
Danone announced today that it has signed an
agreement to sell Vega, the Canada and U.S. plant-based nutritional
products brand, to funds managed by WM Partners, a US-based private
equity investment firm focused on the health and wellness
industry.
The sale of Vega is part of Danone’s continuous
capital allocation optimization and of the strategic review of
Danone’s portfolio of brands, SKUs and assets announced in October
2020.
The closing of the transaction is subject to
customary conditions.
About Danone
(www.danone.com)
Danone is a leading multi-local food and
beverage company building on health-focused and fast-growing
categories in 3 businesses: Essential Dairy & Plant-Based
products, Waters and Specialized Nutrition. With its ‘One Planet.
One Health’ frame of action, which considers the health of people
and the planet as intimately interconnected, Danone aims to inspire
healthier and more sustainable eating and drinking practices. To
accelerate this food revolution and create superior, sustainable,
profitable value for all its stakeholders, Danone has defined nine
2030 Goals, and paved the way as the first listed company to adopt
the “Entreprise à Mission” status in France. With a purpose to
bring health through food to as many people as possible, and
corresponding social, societal and environmental objectives set out
in its articles of association, Danone commits to operating in an
efficient, responsible and inclusive manner, in line with the
Sustainable Development Goals (SDGs) of the United Nations. By
2025, Danone aims to become one of the first multinational
companies to obtain B Corp™ certification. With more than 100,000
employees, and products sold in over 120 markets, Danone generated
€23.6 billion in sales in 2020. Danone’s portfolio includes leading
international brands (Actimel, Activia, Alpro, Aptamil, Danette,
Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, among others)
as well as strong local and regional brands (including AQUA,
Blédina, Bonafont, Cow & Gate, Horizon Organic, Mizone, Oikos,
Prostokvashino, Silk). Listed on Euronext Paris and present on the
OTCQX market via an ADR (American Depositary Receipt) program,
Danone is a component stock of leading sustainability indexes
including the ones managed by Vigeo Eiris and Sustainalytics, as
well as the Ethibel Sustainability Index, the MSCI ESG Indexes, the
FTSE4Good Index Series, Bloomberg Gender Equality Index, and the
Access to Nutrition Index.
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