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General Mills completes Yoplait acquisition
General Mills has announced the completion of its acquisition of a 51% controlling interest in Yoplait SAS, and a 50% interest in a related entity that holds the worldwide Yoplait brands, from PAI Partners and Sodiaal in a transaction valued at approximately US$1.2bn.
The remaining ownership stakes in both entities will continue to be held by Sodiaal, France’s leading dairy cooperative.
The business will be governed by a supervisory board with representation from General Mills and Sodiaal. Chris O’Leary, General Mills’ executive vice president and chief operating officer, International, will have management oversight responsibility for General Mills, with Lucien Fa continuing as Yoplait’s executive chairman.
Source: General Mills
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