Danone Buys Back 5.8 Million Shares from Its Spanish Subsidiary
Danone announced on Thursday that it has repurchased approximately 5.8 million of its own shares previously held by its Spanish subsidiary, a move that will have no impact on the total number of shares held by the French food group.
In a statement, the company specified that it had acquired all 5,780,005 shares previously held by Danone Spain as part of an effort to simplify its legal structure.
These shares, purchased at a price corresponding to yesterday's closing rate of EUR77.46, have been allocated to employee shareholding plans, the group added. Danone emphasized that the transaction was carried out under the authorization granted by the shareholders' general meeting on April 24.
Danone is one the world leading food-processing groups. Net sales break down by family of products as follows:
- dairy products and plant products (49.2%; No. 1 worldwide): fresh fermented milk products, creams, products and drinks of plant origin (based in particular on soya, almond, hazelnut, rice, oats and coconut);
- specialized nutrition products (32.6%): baby foods (No. 1 worldwide; foods for infants and young children in addition to breastfeeding) and medical nutrition products (No. 2 in Europe; foods for people suffering from certain pathologies or people weakened by age);
- bottled water (18.2%; No. 2 worldwide): natural water, aromatized water or enriched in vitamins (brands Evian, Volvic, Badoit, Aqua, etc.).
At the end of 2024, the group had more than 180 production sites throughout the world.
Net sales are distributed geographically as follows: France (8.4%), Europe (26.5%), North America (24%), China/Japan/Australia/New Zealand (13.5%), Latin America (11.1%) and other (16.5%).
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