French Finance Minister Bruno Le Maire told BFM Business TV on Wednesday the French state would be vigilant regarding the situation with Danone, the French food company in which activist investor Bluebell Capital Partners has taken a stake.
In a letter send by the fund to Danone board member Michel Landel in November, Bluebell has called on Danone Chief Executive Emmanuel Faber to step down.
Reporting by Sudip Kar-Gupta and Benoit Van Overstraeten; Editing by Louise Heavens
The price for the butter so essential to the pastries has shot up in recent months, by 25% since September alone, Delmontel says.
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