PRESS: Danone may sell part of Russian assets with buyback option
MOSCOW, Feb 3 (PRIME) -- Dairy product maker Danone may sell part of assets in Russia, receiving a buyback option, and keeping an up to 25% stake in the business and a seat in the board of directors, business daily Kommersant reported Friday citing sources.
"Danone has included a buyback option into a deal of control transfer in the Russian dairy and vegetable drink business," two sources with knowledge of the deal terms told the daily. Danone refused to comment the report.
According to the sources, only Russian brands Prostokvashino, Rastishka and Tyoma will be included in the deal. The interested firms have been already longlisted; several of them are investment funds.