The French Danone is going to sell some part of the company to lessen its debt and lower costs. The group is going to make a public offer to purchase some of its bids, which will be available for longer than a week, 16-24 November.

The diary group is sure that with this big step they will reduce the gross debt and fix up the debt structure of the company. The company’s net debt in June came up to about EUR 7 billion. The French Danone is planning to get EUR1.25 billion (US$1.87 billion) from selling out the shares.