Danone's plan to delist from the New York Stock Exchange is set to go through next month.

The French company, which announced is intention to delist in April, confirmed yesterday (25 June) that it will take effect on 5 July. Danone has filed a Form 25 with the US Securities and Exchange Commission, requesting the delisting of its American Depositary Shares from the NYSE.

Shortly thereafter, Danone added, it will file a further form with the SEC to terminate the registration of its ordinary shares under the Securities Exchange Act of 1934. "As a result of this filing, the company's obligation to file with the SEC certain reports, including an annual report on Form 20-F and reports on Form 6-K, will be immediately suspended," Danone noted.

Earlier this year, Danone posted a 3.9% lift in group sales for its first quarter, with the beverage side of the business, recording a 9.1% lift in sales.