Published On: Wed, Oct 7th, 2020

Danone sells remaining stake in probiotic milk beverage maker Yakult Honsha

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French food company Danone has sold its remaining stake of 6.61% in Yakult Honsha, the maker of Japanese sweetened probiotic milk beverage Yakult, for JPY 58 billion (€470 million).

Danone took up the sale to strengthen its balance sheet.

Its collaboration with Yakult began through a 10-year partnership alliance that was signed in 2004. In 2018, Danone sold most of its 21.29% stake in Yakult Honsha.

Yakult is prepared through the fermentation of milk with the bacteria strain Lactobacillus paracasei Shirota. The probiotic milk beverage, which is promoted for maintaining a healthy intestine, was introduced in 1935.

Danone sells remaining stake in probiotic milk beverage maker Yakult Honsha

Danone sells remaining stake in probiotic milk beverage maker Yakult Honsha. Photo courtesy of Amin/Wikipedia.org.

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