Danone Sells Stake in Lifeway Foods
French food giant Danone is selling its approximately 22.7% stake in US kefir maker Lifeway Foods, ending years of tense relations and failed acquisition attempts. The offering includes the sale of around 3.45 million shares at $19.50 each, with no proceeds going to Lifeway itself.
Tickers: $LWAY
Topics: Corporate strategy Investment exit