Danone May Buy Wockhardt’s Nutrition Business, Times Says

Groupe Danone (BN) SA, the world’s largest yogurt maker, is in discussions with India’s Wockhardt Ltd. (WPL) to buy its nutrition business, the Economic Times website reported, citing a person it didn’t identify.

Danone may pay as much as 12 billion rupees ($271 million) for the unit, according to the newspaper. Sabrina Schneider, a spokeswoman for Danone in Paris, declined to comment on “rumors.”

-- With assistance from Jason gale in Singapore, Dermot Doherty in Geneva. Editor: Abhay Singh

To contact the reporter on this story: Malavika Sharma in New Delhi at msharma52@bloomberg.net.

To contact the editor responsible for this story: Hari Govind at hgovind@bloomberg.net

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