By Cecilia Butini

French food company Danone SA said Tuesday that it has agreed to sell Aqua d'Or, its water-and-beverage business in Denmark, to local brewing-and-beverage company Royal Unibrew AS.

Danone, which didn't disclose financial details of the sale, said the transaction is part of its strategic portfolio review and optimization of capital allocation.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

November 16, 2021 03:04 ET (08:04 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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