NESTLE and General Mills are among leading candidates to buy a 50 per cent stake in French yoghurt maker Yoplait.
General Mills and Nestle have submitted offers for the Yoplait stake being sold by private equity firm PAI Partners, valuing the yoghurt maker at about €1.6bn (£1.35bn) according to Bloomberg. China’s Bright Dairy & Food Co submitted the highest offer that valued Yoplait at about €1.7bn.
PAI is expected to select a final bidder in the next few weeks. Axa Private Equity is the only remaining buyout firm in the race. Yoplait said earlier this month that it had received nine preliminary offers for a 50 per cent stake in the world’s second-largest yoghurt maker.