General Mills will acquire the 50% stake of PAI Partners in Yoplait, for about €800 million, Reuters reports. The deal will value the French yogurt maker at about €1.6 billion. French dairy cooperative, Sodiaal, will retain the remaining 50% of Yoplait. PAI had appointed Rothschild as adviser, while Sodiaal was represented by HSBC and Yoplait was advised by Morgan Stanley, adds Financial Times.
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