France's Danone to sell its US dairy biz for over â¹5,600 cr
French dairy firm Danone has announced it would sell its US dairy business Stonyfield for $875 million (over â¹5,600 crore) to Lactalis. The deal is a part of Danone's agreement with US authorities to facilitate the completion of another takeover. Danone first partnered with Stonyfield in 2001 when it took a 40% stake and bought the company in 2014.