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Danone buys US organic producer WhiteWave Foods

Danone said it expected to finalise the deal to buy US organic foods producer and distributor WhiteWave Foods by the end of the year

French dairy giant Danone said Thursday it had bought US organic foods producer and distributor WhiteWave Foods in a deal that values the US company at $12.5 billion (11.3 billion euros).

The transaction will allow Danone to double its business in the US, the French group said in a statement, adding it expected to finalise the deal by the end of the year.