Compagnie Gervais Danone S.A. agreed to acquire additional 37.78% stake in Centrale Laitiere SA (CBSE:CLT) from Societe Nationale d'Investissement S.A. for €550 million on June 27, 2012. Centrale Laitiere reported revenues of €600 million in 2011. Post acquisition, Danone will fully integrate Centrale Laitière into its consolidated accounts. The deal is subject to approval from the relevant authorities and the expected to be close by the end of 2012. The deal will be accretive for Danone's net earnings per share from the first year. Bertrand Peyrelongue, Laurent Leriche, Aurélien Lasjunies, Laura Mendez, Marco Bessone and Zaina Chebli of Crédit Agricole Corporate and Investment Bank and Stéphane Droulers and Alexandre Benais of Lazard acted as financial advisors forCompagnie Gervais Danone S.A. Vincent Lacombe and Albane Eglinger-Beauchamp of Fidal, Cyril Bonan, Pascale Girard of Darrois Villey Maillot Brochier acted as legal advisors for Compagnie Gervais Danone S.A. Arnaud Larrousse and Camille Jaeglé of Bird & Bird, Mohieddine El Amari of El Amari & Associés acted as legal advisors for Societe Nationale d'Investissement S.A. Crédit du Maroc and Crédit du Maroc Capital acted as advisors in the transaction.

Compagnie Gervais Danone S.A. completed the acquisition of 37.78% stake in Centrale Laitiere SA (CBSE:CLT) from Societe Nationale d'Investissement S.A. on February 22, 2013.