General Mills, one of the biggest food companies in the world, has completed its US$1.2 billion purchase of 51 percent controlling interest in Yoplait S.A.S.
The remaining 49 percent of Yoplait stakes are owned by French investment firm PAI Partners and cooperative dairy group Sodiaal.
“Yoplait is a fantastic global brand with tremendous potential,” said Ken Powell, Chairman and CEO, General Mills. “General Mills and Sodiaal are well-positioned to advance and grow the Yoplait brand around the world. It is an exciting combination. ”