ARYZTA AG Announces Strategic investment in Picard

ARYZTA AG / ARYZTA AG Announces Strategic investment in Picard . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Zurich/Switzerland, 31 March 2015 

Aryzta announces it has entered into exclusive negotiations for a strategic investment with Lion Capital in a speciality premium French food business.
 
Under the terms of the agreement, Aryzta would acquire a 49% shareholding in Picard (www.picard.fr) for consideration of €446.6m, largely funded with the net proceeds from the Origin placement (c. €400m, net of fees and taxes).  

The news release can be downloaded from the following link:

  

Announcement

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Source: ARYZTA AG via Globenewswire

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