Numico fined over Danone bid

The financial markets regulator AFM has fined specialty food maker Numico €96,000 for failing to tell the market in time about Danone’s takeover bid last year.

The French dairy group was fined €24,000. Both companies are to appeal.
Danone bought Numico last year in a deal worth over €12bn. News of the takeover bid had leaked before it was officially announced.

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