Bright Food of China has emerged as the highest bidder for the 50 per cent stake in Yoplait, the global yoghurt brand, that has been put up for sale by its private equity owner, according to people familiar with the deal.
General Mills, the US food group that owns the Yoplait licence in the US, is also in the running, as is Nestlé of Switzerland.
The Yoplait brand, the world’s second-biggest yoghurt brand by sales, is jointly owned by PAI, which is selling its 50 per cent stake, and Sodiaal, the French farmers’ co-operative.
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