General Mills: green light for Lactalis deal in US

Published: 2025-06-02 10:00:34 ET GIS

Published on 06/02/2025 at 10:00

General Mills announced on Monday that it had obtained the necessary regulatory approvals for the sale of its yogurt business in the US to French dairy giant Lactalis.While the US portion of the transaction has now been completed, the finalisation of the overall transaction remains subject to approval by other competition authorities, the US food company said.General Mills, which recently reduced its brand portfolio by 30% to focus on more dynamic markets such as animal nutrition, still plans to complete the sale by the end of June.The group had officially announced the sale of its North American yogurt brands, which include Yoplait, to the two French groups Lactalis and Sodiaal in 2024 for a total of $2.1bn.Copyright (c) 2025 CercleFinance.com. All rights reserved.