Groupe Danone SA, the world’s largest yogurt maker, is in discussions with India’s Wockhardt Ltd. 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