FRANCE: Danone approves two-for-one share split
Groupe Danone has approved the division by two of the nominal value of its shares.
The company said today (31 May), that the share capital will be raised from 261.4m shares at a nominal value of €0.50 (US$0.67) each to 522.9m shares at a nominal value of €0.25 ($0.34) each.
Danone has described the transaction as a way to improve the access to shares and increase their liquidity. The group said that its intention was "to enable as many investors as possible to become shareholders of the company and to give them greater flexibility in managing their portfolios".
The division will take effect at the beginning of June.
Earlier this week, local reports claimed that the French company has written to its joint venture partner, Hangzhou Wahaha, calling for a board meeting to discuss low sales targets for the JV. The paper said that Hangzhou Wahaha's chairman, Zong Qinghou, had forecast sales growth of 3% for the venture in 2007. Danone was cited as being "disappointed" by Zong's estimates.
Following the recent floods in the UK, bottled water companies provided emergency supplies when mains water services broke down. Their largely unsung actions gave the companies a chance to demonstrate...
Attention has been focused on the Indian bottled water sector over the last week or so as speculation has mounted that Danone and a number of other companies are looking to expand their presence in th...
Danone has won a court order that has frozen the assets of ten overseas firms with alleged links to the French group's estranged Chinese partner, Wahaha....
Groupe Danone is set to release a limited edition bottle for its Evian water brand, designed by French fashion designer Christian Lacroix, to rollout in Canada's "high-end grocery stores, restaurants,...
Global bottled water consumption has continued to increase, with Asia/Australasia and North America leading the markets, according to a recent report....
Groupe Danone has seen the poor weather in Europe and its ongoing dispute in China take a huge chunk out of its third quarter sales....
The popularity of high fructose corn syrup (HFCS) among soft drinks producers is on the wane, according to recent research....
China Water & Drinks has entered into a deal to acquire a stake in packaging company Hutton Holdings Corporation....
- Industry is following the pack to patriotic party
- The category today - Scotch Whisky I
- Today's Market Trends - Scotch Whisky II
- Tomorrow's Market Trends - Scotch Whisky III
- Key Brands Performance - Scotch Whisky IV
- Brown-Forman shuffles director pack
- Diageo unveils first European Johnnie Walker House
- Spirits can fill music industry gap - Jagermeister
- Wm Grant redesigns Glenfiddich 21yo Gran Reserva
- Consumers want brands that challenge them - study
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Soft Drinks Global Overview: Growth Opportunities Between Category Lines
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global travel retail insights - market forecasts, product innovation and consumer trends