PARIS (Reuters – Danone whose shares were lifted by a media report on merger interest from French milk rival Lactalis last week has no plans of selling any of its three businesses according to its new chief executive Antoine de Saint-Affrique.

“Our portfolio of categories is expanding as it meets consumer expectations. Saint-Affrique said that there is no intention to separate from them, regardless of rumors.

Unlisted Lactalis, according to a La Lettre A report on April 20, stated that they have been researching a potential takeover of Danone for several months.