The Japanese are stockpiling bottled water and other drinks after being warned that unsafe levels of radioactive iodine had been found in Tokyo’s tap water. That moved investors to jump on the stocks of beverage makers, but onl…
More bad news in Japan sparked profit taking today. Radioactive iodine has seeped into Tokyo’s drinking water and new reports show that the surrounding seawater is also radioactive, which could lead to a ban on seafood if it do…
Groupe Danone SA (DANOY) is in talks with Japanese companies to sell its bottled water business, including the iconic Evian brand, in a deal worth as much as $7 billion.
Danone is in talks with companies including Kirin Holdings (KNBWY), The Wall Street Journal said without naming its sources. Other potential buyers include Suntory Holdings and Asahi Breweries (ASBRY).
It is still…
Continue reading Danone in Talks to Sell Bottled Water Business
Danone in Talks to Sell Bottled Water Business originally appeared on DailyFinance on Tue, 09 Nov 2010 08:05:00.
Filed Under: Company News, Danone, Retail