Danone intends to sell its stake in Mengniu
Press release – Paris, May 12, 2021
Danone intends to sell its stake
in Mengniu
Danone launches today the strategic sale, via an
accelerated bookbuilding process, of its approximately 9.8% stake
in China Mengniu Dairy Company Limited (“Mengniu”), a leading
Chinese manufacturer and distributor of dairy products, which is
listed on the Hong Kong Stock Exchange.
This transaction follows the announcement on
February 28, 2021, of the conversion of Danone’s long-term indirect
stake in Mengniu into a direct holding which completed on April 16,
2021.
A further announcement with regards to the
success of the sale and proceeds received will be made by Danone in
due course.
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Note: This release is for information purposes
only and does not constitute an invitation or offer to acquire,
purchase or subscribe for any securities in Hong Kong, the United
States or any other jurisdiction. This release does not constitute
or form a part of any offer or solicitation to purchase or
subscribe for securities in the United States. The securities
referred to above have not been and will not be registered under
the United States Securities Act of 1933, as amended (the
“Securities Act”). The securities may not be offered or sold in the
United States absent registration or an applicable exemption from
registration requirements under the Securities Act and under the
securities laws of any state of other jurisdiction of the United
States.
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, Vega). 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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“will”, “could”, “predict”, “continue”, “convinced” and
“confident,” the negative or plural of these words and other
comparable terminology. Forward looking statements in this document
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operations, direction, performance and results of Danone.
Although Danone believes its expectations are
based on reasonable assumptions, these forward-looking statements
are subject to numerous risks and uncertainties, which could cause
actual results to differ materially from those anticipated in these
forward-looking statements. For a detailed description of these
risks and uncertainties, please refer to the “Risk Factor” section
of Danone’s Universal Registration Document (the current version of
which is available on www.danone.com).
Subject to regulatory requirements, Danone does
not undertake to publicly update or revise any of these
forward-looking statements. This document does not constitute an
offer to sell, or a solicitation of an offer to buy Danone
securities.
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