Newsline: Danone Loses Interest in Russian Processor
Groupe Danone, has broken off talks on purchasing the controlling stake of the Russian company WimmBillDunn Foodstuffs, a leading producer of dairy products and juices.
The talks on the controlling stake of WimmBillDunn, a corporation whose value is estimated at around a billion U.S. dollars, continued for over two years. Sources say the talks have ended failure, as the sides were unable to bridge their differences over company's structure, price, strategies, and prospects for the incumbent Russian management.