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Emerging Markets

Investors lap up Danone’s dual offering

French foods group Danone attracted an Eu11bn avalanche of orders when it came to the market on Tuesday to refinance its acquisition of Dutch baby food company Numico. The Eu750m 2011 and Eu1bn 2015 tranches sold like hot cakes as the market welcomed the return of a European blue chip. BNP Paribas, Calyon, JP Morgan, RBS and Société Générale will give their view from the bridge in EuroWeek on Friday, and the rest of the market will have its say.

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