General Mills Set To Acquire 50% Stake In Yoplait Despite Not Offering Highest Bid

US food group General Mills looks set to purchase a 50% stake in French yoghurt marker Yoplait after confirming that it is in exclusive talks to buy the business. Yoplait is currently co-owned by French milk cooperative Sodiaal and private equity group PAI Partners, but has been the subject of intense takeover speculation since PAI announced it was looking to divest its stake. General Mills bid for PAI's 50% stake is said to be worth around EUR800mn, valuing the underlying business at EUR1.6bn. BMI has consistently made General Mills as one of the favourites to land the business, which has

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