Danone about to take over Dutch food company Numico

French food company Danone has announced it wants to take over Dutch food Company Numico. Numico is mainly active in baby food and clinical nutrition. The company has a reputation for its highly advanced knowledge of speciality nutrition and therefore is an attractive target for Danone. With this acquisition Danone could improve its position in foods and beverages with added nutritional value.

Both companies have declared that they are making good progress with the preparations for the recommended public Offer. The intended offer price is € 55.00 in cash per ordinary share. The Supervisory Board and the Executive Board of Numico unanimously support the offer of Danone. The shareholder meeting will take place at the end of September.

The acquisition of Numico is made possible by the sale of the biscuit activities (mainly LU).