PARIS, Feb.4, 2002 (PRIMEZONE) -- Groupe DANONE (NYSE:DA) has signed an agreement allowing it to acquire 88% of the capital of Zywiec Zdroj, number 1 in the Polish bottled water market.
With a turnover of Euros 45 million in 2001, Zywiec Zdroj is the leader in a highly dynamic market which, with 1.3 billion liters of water per year, is the largest in Eastern Europe.
In April 2001, Groupe DANONE had already taken up a 50% stake in the company, which is experiencing strong growth.
The take-over has been approved by the Polish antitrust authorities.
This move confirms Groupe DANONE's leading position in Poland in each of its three core businesses: Fresh Dairy Products, Beverages and Biscuits, and reinforces its position as world leader (volume) of water.