Fresenius eyes bid for Danone tube feeding products arm-sources

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Fresenius eyes bid for Danone tube feeding products arm-sources

By Andreas Kröner and Arno Schuetze FRANKFURT (Reuters) - German diversified healthcare group Fresenius is considering making a bid for the medical nutrition unit of France's Danone in what could be a 4 billion euro ($5.5 billion) deal, two people familiar with the matter told Reuters. The business, which Reuters reported last week could soon be for sale as Danone expands its dairy business in higher-growth emerging markets, would complement Fresenius's Kabi unit, which makes tube feeding and intravenous feeding equipment and products as well as generic infusion drugs. For Fresenius it would be the third deal worth more than $1 billion over the last two years. Fresenius in September agreed to buy most of Rhoen-Klinikum's hospitals for 3.07 billion euros, cementing the buyer's position as Germany's largest private-sector hospitals operator.

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