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Food & Beverage

Yakult and Danone end disappointing 20-year capital alliance

Few synergies with French company pushes Japanese drink maker to expand abroad

The Danone-Yakult investment ties began when Danone acquired a 5% stake in Yakult in 2000. (Source photos by Reuters/courtesy of Yakult) 

TOKYO -- French food processor Danone has sold its stake in Japan's Yakult Honsha, dissolving its 20-year-old capital ties with the Japanese probiotic drink maker, as the tie-up failed to produce the hoped for synergies.

Yakult, which once feared a takeover by Danone, has regained full management independence. But the company finds itself under pressure to bolster its overseas businesses.

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