Danone intends to sell its stake in Mengniu
May 12, 2021 04:30 ET | Source: DANONE DANONE
Danone intends to sell its stake in
Mengniu
Danone launches today the strategic sale, via an accelerated bookbuilding process, of its approximately 9.8% stake in China Mengniu Dairy Company Limited (“Mengniu”), a leading Chinese manufacturer and distributor of dairy products, which is listed on the Hong Kong Stock Exchange.
This transaction follows the announcement on February 28, 2021, of the conversion of Danone’s long-term indirect stake in Mengniu into a direct holding which completed on April 16, 2021.
A further announcement with regards to the success of the sale and proceeds received will be made by Danone in due course.
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NiSource Reports First Quarter 2021 Results
May 5, 2021 GMT
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MERRILLVILLE, Ind., May 5, 2021 /PRNewswire/ NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the three months ended March 31, 2021 of $281.7 million, or $0.72 diluted earnings per share, compared to a net income available to common shareholders of $61.8 million, or $0.16 diluted earnings per share, for the same period of 2020.
NiSource also reported non-GAAP net operating earnings available to common shareholders of $304.8 million, or $0.77 diluted earnings per share, for the three months ended March 31, 2021, compared to non-GAAP net operating earnings available to common shareholders of $290.9 million, or $0.76 diluted earnings per share, for the same period of 2020. Schedule 1 of this press release contains a complete reconciliation of GAAP measures to non-GAAP