Danone and shareholders of Michel and Augustin entered into exclusive negotiations for the acquisition by Danone of a minority stake of around 40%.
The target is a company French founded in 2004, designs and sells biscuits, dairy products, ice cream and premium drinks.
It has an annual turnover of about € 40 million, with growth rates of around 30% to 40% according to one of its founders.
the stake will be done through Danone Manifesto Ventures, an investment structure and incubation of Danone in New York and will be fully operational in autumn 2016.
A guarantee of independence according to the founders of Michel and Augustin, although it is already clear that Danone conduct a gradual rise in capital
Our recommendation for DANONE. SAVE
the announced transaction remains marginal at the Danone group, as evidenced by the low upward variation of the title in a bull market significantly. However, it makes sense for Michel et Augustin is a beautiful area of the successes of the past 10 years. Industrial and commercial strength of Danone could take off the case. The risks are low for Danone and significant growth potential. The action showed its defensive qualities in recent weeks in a highly volatile market, guard it carefully
Course to date advice. € 61.58
Target price: 7 € 0 representing a potential 13.7%
investor profile: all age
investment horizon: 12 months
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