Private equity group PAI Partners said that it is continuing talks with several candidates for its 50% stake in yogurt maker Yoplait, and that it hopes to select a buyer by the end of March, Reuters reported. China’s Bright Foods remains among the contenders for the stake.
(Reuters) – Private equity group PAI Partners said it was continuing talks with a “significant” number of candidates for its 50 percent stake in French yoghurt maker Yoplait, including China’s Bright Food.
PAI hopes to select a buyer by the end of the month, a PAI spokesman told Reuters on Monday.
“Bright Food remains a serious candidate to the purchase of PAI’s stake but there is a significant number of other candidates with which talks are continuing,” he said.
The Financial Times earlier reported that Bright Food had made it through to the second round of bidding for Yoplait. (Reporting by Dominique Vidalon; Editing by James Regan)