FrieslandCampina Said to Mull Thailand’s Betagen Stake Sale (1)

Royal FrieslandCampina NV is exploring a sale of its 50% stake in Betagen, Thailand’s iconic yogurt and yogurt drink maker, according to people with knowledge of the matter.

The Dutch dairy company is working with an adviser to identify a buyer for the stake in the joint venture with Thai Advanced Food, said the people, who asked not to be identified as the information is private. The sale could fetch as much as $500 million, the people said.

The yogurt maker was founded by Sompong Attasakulchai in 1991 under the name of Thai Advanced Food. It was renamed ...