Morgan Stanley and SocGen reportedly hired for Yoplait sale
Morgan Stanley and Société Générale are said to have been hired as advisers to PAI partners and Sodiaal on the sale of Yoplait, according to media reports.
PAI partners has reportedly been looking to sell its 50% stake in the yoghurt maker since the summer, and could also enlist the help of BNP Paribas and Rothschild on the exit. Dairy cooperative Sodiaal, which founded the company and owns the remainder of the shares, is apparently not looking to divest its stake.
PAI invested in Yoplait in 2002. The Boulogne-Billancourt based firm is valued at €1-1.2bn and posted a €3.8bn turnover for 2009.
Spokespeople for the parties involved declined to comment.
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