Danone Claims at Least $272 Million From Fonterra Over Recall
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Danone said it is claiming at least 200 million euros ($272 million) in compensation from Fonterra Cooperative Group Ltd. after having to recall milk formula products because of a contamination scare.
The maker of Activia Yogurt sent a notice of dispute to Fonterra on Sept. 24 “to give both parties a chance to reach an amicable agreement prior to any litigation,” Paris-based Danone said today in an e-mailed statement. The company said it is “determined that it should be fully compensated for damages” and regards food safety as “a non-negotiable prerequisite.”