Saturday 6 August 2011

Wockhardt to Sell Nutrition Biz to Danone for $356m

Wockhardt said on Tuesday that it has signed an agreement with French food company Danone to sell its nutrition business, which include brands such as Farex, Dexolac, Nusobee and Protinex. The transaction size is not known but a news channel estimated the value to be around €250 million ($356.3 million).

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