General Mills will acquire a 51% stake in French yogurt maker, Yoplait, for $1.15 billion, The Wall Street Journal reports. The U.S. food company is seeking to complete the deal this summer.
Yoplait is jointly owned by private equity fund, PAI Partners and French dairy co-operative, Sodiaal, adds Reuters. As part of the agreement, General Mills will partner with Sodiaal to boost the Yoplait brand and businesses globally.
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