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Wadias may buy out Danone at discount

Danone chairman expected to meet Wadias on Sept 3.  The Wadias of Bombay Dyeing are poised to buy the entire stake of partner Groupe Danone in biscuit maker Britannia at a discount.  The contours of the deal are likely to be drawn up at a meeting on September 3. That is also the time when Danone Chairman Franck Riboud is expected to be in India.  Sources close to the deal said the French dairy foods giant's exit would be in line with that of other multinational companies from joint ventures in India and the discount in this case could be as much as 20 per cent to the ...