Danone

New full-year targets for 2012 confirmed are as follows:

Danone has indicated its decision to "fight" for market share in southern Europe - and in Spain in particular - is one of the primary reasons that it has lowered its margins outlook for 2012.

In a regulatory announcement on 19 June, Danone dropped its margin forecast for the financial year from "stable" to "down 50 basis points".

Speaking during a conference call with analysts, CEO Pierre-Andre Terisse said rising unemployment was hitting consumer confidence in Spain, a market that accounts for about 7% of group sales.

Danone will look at assets Nestle may need to sell to get its baby food deal with Pfizer cleared, as the French food group is keen to expand in baby milk in Latin America, mainly Mexico, and catch up with its Swiss rival.

Danone, world No. 2 in baby food, lost out to market leader Nestle in April when it bought U.S. drugmaker Pfizer's brands for $11.85 billion and secure dominance of fast-growing emerging markets.

Danone's shareholders voted in favour of all resolutions during the Annual General Meeting of Shareholders (AGM) that was held on April 26, 2012.

61,01% of Danone's outstanding total share capital was present or represented at the AGM.

The IUF general secretary sits on the advisory board of Danone Ecosystem Fund initiative. Therefore please find the latest newsletter of Danone Ecosystem Fund for your information.

Danone has signed an agreement to acquire YoCream, the leading producer of frozen yogurt in the United States, for US$103 million.

When the US-based Schreiber Foods Inc acquired a 51 per cent stake in Dynamix Dairy Industries in 2004, one of India’s most advanced milk processing plants was transformed into a global company.