Date:03/8/11,
M&A,
Corss Border Deal,
Danone, a French dairy and nutrition firm, acquires Wockhardt Ltd for $355 million (250 million euros) to enter the Indian baby nutrition and medical nutrition market. Danone will acquires Wockhardt Ltds nutrition business and brands such as Farex, Dexolac, Nusobee and Protinex; as well as related industrial operations from Carol Info Service, a subsidiary of Wockhardt located at Lalru in Punjab.
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