Jul
07
Danone Said to Pick JPMorgan, BNP in Top Post-Brexit Funding
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Two banks said to lead financing for $10 billion takeover
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Danone said to plan to ask other banks to pitch as soon Monday
Danone is working with JPMorgan Chase & Co. and BNP Paribas SA to arrange funding for its $10 billion purchase of WhiteWave Foods Co., the largest deal financing since the U.K.’s vote to leave the European Union roiled credit markets.
The Paris-based yogurt maker is likely to mandate additional banks it has a relationship with as early as next week to fund the deal, the people said, asking not to be identified as the information is private. Danone plans to split the financing for the transaction with a group of about eight to ten banks, two of the people said…
Danone Said to Pick JPMorgan, BNP in Top Post-Brexit Funding
