General Mills to Buy Majority Stake in Yoplait: Report

General Mills
General Mills

General Mills is near a deal to purchase a majority stake in French dairy company Yoplait, according to a report from Dow Jones.

The deal, which sources told Dow Jones is valued at $2.24 billion (€6.1 billion), would transfer the stake to General Mills from private equity group PAI Partners.

PAI currently shares ownership of Yoplait with French cooperative dairy group Sodiaal.

Shares of General Mills were lower in New York trade. Get real-time quotes for General Mills here.