The company expects to use the proceeds from the sale for shareholder buybacks. The North American yogurt business contributed approximately $1.5 billion to General Mills’ 2024 net sales.
Timeline and Advisors
The deal is expected to close in 2025, pending regulatory approvals. Cleary Gottlieb Steen & Hamilton LLP is advising General Mills, with partners Charles Allen and Paul Shim leading the legal team.
