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HSBC said it had begun exclusive discussions with the bidder, which is the central body of Groupe Banque Populaire, a mutual banking group.
(The Dannon Company is a subsidiary of Groupe Danone).
Dominique has taken over as the C.E.O. of Groupe Bernard Loiseau.
(A banking subsidiary of Groupe Worms, a co-investor with Bouygues SA in several companies, invested a further FFr200m).
Jacques Gounon, chairman and chief executive of Groupe Eurotunnel, said: "MyFerryLink is an operating and commercial success.
The government brought in Thierry Breton of Groupe Bull to get the holding company and its other unit, Thomson Multimedia, into shape before any sale.
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A good third of her often riveting book is devoted to a detailed analysis of Groupe Yves Saint Laurent's intricate financial operations, which have the reputation of being as opaque as the workings of the Vatican.
In France, rumors of a takeover of Groupe Danone, the large food and drinks group, by PepsiCo set off an uproar in 2005.
Mr. Desmarais's son André married France Chrétien, whose father, Jean Chrétien, also served as prime minister Mr. Desmarais's influence in Europe stemmed largely from his family's 50 percent ownership of Groupe Bruxelles Lambert, a holding company with stakes in the oil company Total, the beverage group Pernod-Ricard and the cement maker Lafarge, among other companies.
Lactalis is part of the Lactalis American Group, a division of Groupe Lactalis.
The Stonyfield Farm division of Groupe Danone, which also owns Dannon, sells a Greek yogurt under the Oikos name.
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