Danone shares can be subscribed

Danone would utilize the 3.05 billion euros which would came from a preferential share issue on debt repayment and the purchasing of smaller rival firms – reports Világgazdaság Online.

Danone papers may bought by the former shareholders of the company with a  31 percent discount: 24.73 euros per share (one share value was 36 euros on Friday). It is been 22 years since Danone last issued new shares. The reservation will last from 1 June until 12 June. The net debt of the French food company is currently 11.26 billion euros.