ARYZTA AG Announces Strategic investment in Picard

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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