date:Apr 30, 2013
not to increase its shareholding ration in Yakult has lapsed upon termination of the Agreement.
Yakult and Danone initially agreed on a 5-year shareholder cap in 2004. This was extended by a further three years. Since it expired in May 2012, rumours regarding Danones intentions towards Yakult have been rife.
In a statement announcing the new agreement, Danone said that this condition was no longer necessary.
Given the relationship of trust built up over the years, this framework does not cont