General Mills Enters Definitive Deals To Sell Its North American Yogurt Business To Lactalis And Sodiaal In Cash Transactions Valued At $2.1B Aggregate
Portfolio Pulse from Benzinga Newsdesk
General Mills has entered into agreements to sell its North American Yogurt business to Lactalis and Sodiaal for $2.1 billion. The transactions are expected to close in 2025, pending regulatory approvals. The yogurt business contributed $1.5 billion to General Mills' fiscal 2024 net sales.
September 12, 2024 | 11:02 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
General Mills is selling its North American Yogurt business to Lactalis and Sodiaal for $2.1 billion. This move will allow General Mills to focus on other core areas while divesting a significant revenue contributor.
The sale of the yogurt business, which contributed $1.5 billion to fiscal 2024 net sales, is significant for General Mills. However, the impact on the stock price is neutral in the short term as the transaction is expected to close in 2025, and the company may use the proceeds to strengthen other business areas.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100