Danone's Huel Acquisition Will Be Accretive to Sales Growth -- Market Talk
Dow Jones03-23
1317 GMT - Danone's acquisition of Huel will be accretive to organic sales growth, analysts at J.P. Morgan write in a note. However, the deal will have a limited earnings per share accretion for the group, the analysts say. The deal is valued at around 1 billion euros ($1.16 billion), a source told Dow Jones Newswires. It still remains subject to closing conditions. Huel, which makes protein powders, bars and meals, will benefit from Danone's global reach, the analysts add. Danone shares are up 0.6% at 68.94 euros. (aimee.look@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 09:18 ET (13:18 GMT)
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