DANONE: Completion by Danone of the sale of its EDP business in Russia
May 17 2024 - 11:01AM
DANONE: Completion by Danone of the sale of its EDP business in
Russia
Press release – Paris, May 17, 2024
Completion by Danone of the sale of its
EDP business in Russia
Following the press release on March 22, 2024,
where Danone announced that the Russian regulatory approvals
required for the disposal of its EDP business in Russia to Vamin R
LLC were obtained, Danone announces today it has completed this
transaction.
About Danone
(www.danone.com)
Danone is a leading global food and beverage
company operating in three health-focused, fast-growing and
on-trend Categories: Essential Dairy & Plant-Based products,
Waters and Specialized Nutrition. With a long-standing mission of
bringing health through food to as many people as possible, Danone
aims to inspire healthier and more sustainable eating and drinking
practices while committing to achieve measurable nutritional,
social, societal and environment impact. Danone has defined its
“Renew” strategy to restore growth, competitiveness, and value
creation for the long-term. With almost 90,000 employees, and
products sold in over 120 markets, Danone generated €27.6 billion
in sales in 2023. Danone’s portfolio includes leading international
brands (Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino,
evian, Nutricia, Nutrilon, Volvic, among others) as well as strong
local and regional brands (including AQUA, Blédina, Bonafont, Cow
& Gate, Mizone, Oikos and Silk). Listed on Euronext Paris and
present on the OTCQX platform via an ADR (American Depositary
Receipt) program, Danone is a component stock of leading
sustainability indexes including the ones managed by Moody’s and
Sustainalytics, as well as MSCI ESG Indexes, FTSE4Good Index
Series, Bloomberg Gender Equality Index, and Access to Nutrition
Index. Danone’s ambition is to be B CorpTM certified at global
level in 2025.
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