TOKYO, Apr 26: Japanese drink maker Yakult Honsha Co Ltd and France’s Danone SA will dissolve a strategic tie-up, a source familiar with the matter told Reuters on Friday.
The source said Danone would retain its 20 percent stake in the Japanese company.
Danone first took a stake in Yakult in 2000 and the two firms entered into a strategic agreement in 2004. Under the terms of that deal, Danone could not lift its stake to more than 20 percent for five years.
The agreement was revised in 2007 and the provision was extended for an additional three years, until it expired earlier last year.
(AGENCIES)
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