date:Dec 14, 2012
dpoint, we believe a split of the business would deliver maximum upside. Dairy, Water and Baby and Medical Nutrition are three business units with unique strategic market shares in very profitable and growing categories, said Espirito Santo Investment Bank Research. These franchises would be very profitable on a standalone basis.
But it predicted they wouldn't stay independent for long, claiming competitors would snap them up because of their strategic worth.
The analysts added: It is far more