Profit growth and reorganisation at Danone

Danone said net profit came to 656 million euros in the six months through June. First-half revenue rose 9.2 percent to 7.5 billion euros.

Danone is selling its core biscuits division to U.S. snacks
company Kraft Foods Inc. for 5.3 billion euros and buying the Dutch nutrition
company Numico NV for 12.3 billion euros.
The company said it will create a strategic committee from 1
January next year to allow for the smooth incorporation of recently acquired nutrition
group Numico into its operations. As part of the shift, Danone will also
appoint two co-chief operating officers who will split responsibility for the
company's operations.