date:Apr 30, 2013
been jointly undertaken by them under the Agreement, and further that Yakult and Danone will undertake any mutually beneficially collaboration in the future.
The Japanese firm added that Danone will continue to nominate three candidates to sit on its board.
No commitment or limitation on Yakult interest
The 2004 agreement also included a clause prohibiting Danone from increasing its 20% stake in Yakult. In its statement, Yakult confirmed, however, that Danones obligation under the Agreement