The company, whose brands include Activia, Actimel, Evian and Volvic, is launching a rights issue to raise €3bn (£2.6bn). This would increase its flexibility and allow small to medium-sized acquisitions, the company said.
Danone's debt increased after it spent £8.3bn on Dutch baby food specialist Royal Numico in 2007. Danone's share price fell on the back of this week's announcement.
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