The kefir business disputes the dairy giant’s legal claims connected with the award of shares to CEO Julie Smolyansky.

Danone has indicated an appetite for further M&A as the dairy major reached a milestone in free cash flow, supported by another year of EPS gains. “We want to move to the front foot on acquisitions,” ...

Dairy major, Danone, is one of the key players in this space. As well as building infrastructure to help start-ups scale precision fermentation, the company is exploring the area in its own research.

Besides Danone, 10 per cent is owned by equity firm Abraaj and the rest is held by the Kenyatta family. The firm, which operates in 140 countries, has investments in Africa worth 1 billion Euros ...