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Examples
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The company this year paid more than 600 million euros ($430.1 million) for Groupe Danone SA's Australian and \*place\*placeNew Zealand\*\* drinks business Frucor.
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Excluding capital gains from disposals such as Australasian-based drinks business Frucor and Britannia operations in India, net profit rose 3% to €722 million from €701 million.
Danone's Net Rises 6% on Capital Gains, Lower Costs Wiliam Horobin 2009
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At 13.8 times 2008 earnings, the price tag is only a tad less than Japanese compatriots Asahi and Suntory recently paid for Schweppes Australia and Frucor, respectively.
Kirin's Zealous Bid 2009
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It's just sold New Zealand beverage business Frucor, which reduces Danone's exposure to sluggish developed markets and raises €600 million ($757.7 million) to trim debt incurred with the €12 billion buy of Dutch nutrition company Numico just months after Danone had sold its cookies business.
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It has just sold New Zealand beverage business Frucor, which reduces Danone's exposure to sluggish developed markets and raises €600 million ($755 million) to trim debt incurred with the €12 billion buy of Dutch nutrition company Numico.
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The firm previously had invested in New Zealand firm Frucor Beverages and in Australian electronics company Startronics.
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Suntory purchased European drinkmaker Orangina Schweppes from Blackstone Group LP and Lion Capital LLP in November for an undisclosed sum, and Groupe Danone SA's Australia and New Zealand drinks business Frucor for more than 600 million euros ($819 million) in 2008.
Bloomberg 2010
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Suntory purchased European drinkmaker Orangina Schweppes from Blackstone Group LP and Lion Capital LLP in November for an undisclosed sum, and Groupe Danone SA's Australia and New Zealand drinks business Frucor for more than 600 million euros ($819 million) in 2008.
Bloomberg 2010
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Suntory purchased European drinkmaker Orangina Schweppes from Blackstone Group LP and Lion Capital LLP in November for an undisclosed sum, and Groupe Danone SA's Australia and New Zealand drinks business Frucor for more than 600 million euros ($819 million) in 2008.
Bloomberg 2010
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Suntory outmanoeuvered both Kirin and rival Asahi Breweries with a more than 600 million euro deal for Danone's Frucor juice unit in 2008, and late last year completed the $3.9 billion purchase of soft drinks maker Orangina Schweppes from Blackstone Group and Lion Capital.
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