• The group wants to increase its capital by 3 billion euros • It intends to take advantage of the rise in the stock market to debt
Until the stock market is buoyant, it is necessary to enjoy! Danone has in turn announced yesterday its intention to raise funds from stock markets. A very important, namely: 3 billion, or 15% of its stock market value. The capital increase would be launched this week. Objective: reduce the indebtedness of Danone. The champion tricolor of food is more indebted than its competitors. But since the financial crisis, markets like much less indebted firms. Danone wants to take advantage of the rise in the stock market to adjust. The deal also will give him some leeway for possible acquisitions. Weakened by the crisis, large firms were likely to appeal to the market since the beginning of the year. Approximately 70 billion euros have been raised in Europe. According to bankers, the second half could well be just as active.