1 June 2009 - Groupe Danone has rejected claims that its interested in acquiring Italy's Paramalat.
The rumour boosted Parmalat's shares by 4.6% on Wednesday to their highest levels since September.
Co-Chief Operating Officer Emmanuel Faber, however, told reporters that Danone will remain on the look-out for smaller deals, after it completes raising its capital by 3 billion euro, through its new rights issue.
Faber said Danone is keeping an eye out for deals in its core businesses, which are dairy, health and infant nutrition, as well as bottled water.