Danone silent on Indian milk talks

Danone remains quiet over the speculation that the company is about to make an imminent acquisition in India’s high growth dairy market.

Claims have appeared in Indian-based newspapers that Danone is in talks with the local dairy group Keventer over acquiring a stake in it milk-processing operations.
Keventer chairman Mahendra Jalan supposedly confirmed that Danone was in discussions over the possibility of acquiring a “majority share” in their milk processing arm.
The company also added that it has been present in Indian dairy production since 2005, when it entered into a joint venture agreement with Japan-based Yakult to push probiotic products onto the local market.