2023-07-17 19:15:41
One of Danone’s production sites in Chekhov, Moscow region. MAXIM SHIPENKOV/EPA/MAXPPP
The French dairy giant, present in the country for thirty years, was preparing to sell its subsidiary to a local industrialist.
“We know what they don’t want, but we don’t know what they want.” Twenty-four hours following Moscow’s announcement of its takeover of Danone’s assets in Russia, the amazement had not subsided on Monday in the ranks of the dairy giant with a turnover of 27.7 billion euros. . In fact, the group, which announced last October its intention to “transfer control” of its dairy products activities in the country, was regarding to sell its subsidiary to a local industrialist. The successful candidate was to be announced on Thursday, to be presented to Danone’s board of directors on July 25.
In its search for an exit solution, the group had favored an industrial group, not from the dairy sector to avoid duplication and therefore potential job cuts, but from the food industry to maximize the retention of some 7,200 employees of its subsidiary. “This has always been our priority.” assures a spokesperson for the owner…
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