BRIEF-France's Lactalis wins regulatory approval for acquisition of General Mills' U.S. yoghurt business

Reuters
06-02
BRIEF-France's Lactalis wins regulatory approval for acquisition of General Mills' U.S. yoghurt business

June 2 (Reuters) - LACTALIS/GENERAL MILLS GIS.N:

* Lactalis has won regulatory approval for its previously announced deal to buy General Mills' U.S. yoghurt business, the companies said on Monday.

* The deal is on track to be completed at the end of June.

* Last September, General Mills - whose brands include Cheerios - said it would sell its North America yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal.

* Lactalis is buying the U.S. business while Sodiaal will buy the Canadian unit.

(Reporting by Gus Trompiz;Editing by Sudip Kar-Gupta)

((sudip.kargupta@thomsonreuters.com;))

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