Friday, April 4, 2014

Exclusive: Nestle, Fresenius home in on Danone Medical - sources

A Nestle logo is pictured on a Milo tin in a showroom at the company headquarters in Vevey By Anjuli Davies and Andreas Kröner LONDON/FRANKFURT (Reuters) - The field of bidders for Danone's Medical Nutrition business has narrowed to German diversified healthcare group Fresenius and Swiss food company Nestle , two people familiar with the process told Reuters on Friday. French daily Les Echos said last month that four groups had shown interest in buying the business. Danone put the division on the block - even though it carries a profit margin above the group average - most likely to fund an expansion in fast-growing baby food and dairy businesses, targeting acquisitions in Asia and Africa. Fresenius, for its part, has said it is ready for bigger deals after buying hospitals worth 3 billion euros from Rhoen-Klinikum .








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