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Home Industry News Danone may sell medical nutrition unit, insiders say

Danone may sell medical nutrition unit, insiders say

9th October 2014

Danone is in advanced talks to sell its medical nutrition unit to Fresenius, according to insiders – a move that would allow the French company to quit a market in which it has struggled to make a name for itself.

Speaking to the Financial Times, people familiar with the matter said the proposed deal would value the business at around three billion euros (2.36 billion pounds).

They added that the talks may still fall apart, as happened when Nestle and Hospira sought similar deals for Danone's medical nutrition unit.

However, it is thought the sale represents a particularly attractive proposition for the company at the moment, as it would allow it to focus on increased competition from Nestle in the infant nutrition market.

Danone bought the unit in 2007 as part of its 12.3 billion euro acquisition of Royal Numico. It specialises in food designed to delay the onset of specific diseases, as well as tube-feeding products for hospitals.

It is the smallest of Danone's four main businesses, behind yoghurts, water and baby food.ADNFCR-8000103-ID-801753487-ADNFCR

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