Danone Espana shareholders ask EUR 800m for 15% stake
The Portabella, Carasso, Botton and Fuster families are set to sell a 15% stake in the Spanish dairy company Danone Espana, El Confidencial reported. The shareholders want to exercise a put option to sell the stake to Danone Espana’s 75.6% France-based shareholder Danone, the report said, without citing sources.
As Danone has said it is unwilling to pay the minority shareholders’ asking price of EUR 799m, the potential deal is to be referred to an arbitrator, the report said.
The Portabella, Carasso, Botton and Fuster families currently own 22.1% of Danone Espana, the report noted.
El Confidencial