24 Mar 2021 --- General Mills is set to sell its 51 percent controlling interest in Yoplait to Sodiaal, a leading French dairy cooperative. The proposed transaction is expected to close by the end of calendar 2021, subject to appropriate labor consultations, regulatory filings and other customary closing conditions. In exchange, General Mills will acquire Sodiaal’s 49 percent ownership interest in Yoplait Canada Holding, making the Yoplait Canada yogurt business – which generated US$290 million in net sales in fiscal 2020 – a wholly owned subsidiary of General Mills.
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