General Mills has top Yoplait stake

GENERAL Mills plans to buy a controlling stake in French yogurt maker Yoplait for €810m (£713.8m), securing US distribution rights to one of the best-selling global yogurt brands.

General Mills entered into exclusive talks two months ago with private equity fund PAI Partners and French dairy cooperative Sodiaal.

General Mills said yesterday it will buy 51 per cent of the company that runs Yoplait’s operations and 50 per cent of the entity that holds the licensing rights to Yoplait. Sodiaal will hold the remaining stakes in both entities.