For Danone, acquiring Mead Johnson would strengthen its portfolio in early life nutrition, complementing its existing brands like Aptamil and Nutricia.
KWIL will continue to trade on BSE and NSE, the Indian stock exchanges, as a majority-owned subsidiary of the TMICC Group.
Fonterra agreed to sell its Consumer and associated businesses to Lactalis for NZD 3.845 billion (US$2.245 billion).
The transaction remains subject to customary closing conditions, including regulatory approval.
The transaction remains subject to customary closing conditions, including regulatory approvals.