Home Argentina market Danone seals a strategic alliance with CCU for its Water business in Argentina

Danone seals a strategic alliance with CCU for its Water business in Argentina

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DANONE

Press release – Paris, April 29, 2022

Danone seals a strategic alliance with CCU
for its Water business in Argentina

Danone and Compañía Cervecerías Unidas (CCU) today announce a strategic alliance, as CCU Argentina has acquired a significant minority stake in Aguas Danone de Argentina. This partnership will allow the two companies to enrich their beverage offering and strengthen their operations in the country.

Aguas Danone from Argentina declared:
“The The strategic alliance announced today provides Danone with a highly prestigious partner in the region, and our agreement is an important step that strengthens both companies in a highly competitive market. Danone has a history of partnerships in Argentina, and we are proud that Aguas Danone de Argentina is partnering with CCU to better serve Argentinian consumers.“.

Compañía Cervecerias Unidas said:
We are proud to announce this alliance with Aguas Danone de Argentina. It represents the opportunity to enter a new beverage category in the country and jointly promote the development of brands such as Villavicencio, Villa del Sur, Levité and Ser, among others. This will generate greater momentum in the water industry with a stronger value proposition for all consumers“.

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FORWARD-LOOKING STATEMENTS

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Although Danone believes that its expectations are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in these forward-looking statements. For a detailed description of these risks and uncertainties, please refer to the “Risk Factors” section of Danone’s Universal Registration Document (the current version of which is available at www.danone.com).

Subject to regulatory requirements, Danone does not undertake to publicly update or revise these forward-looking statements. This document does not constitute an offer to sell, nor a solicitation of an offer to buy Danone securities.

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