January 23, 2020 / 5:17 PM / in a month

BRIEF-Aryzta Completes Sale Of Majority Of Its Picard Stake

Jan 23 (Reuters) - ARYZTA AG:

* ANNOUNCES THE COMPLETION OF THE SALE OF THE MAJORITY OF ITS PICARD STAKE

* HAS COMPLETED THE DISPOSAL OF THE MAJORITY OF ITS PICARD STAKE TO INVEST GROUP ZOUARI (‘IGZ’) FOR A TOTAL CONSIDERATION OF €156M

* ARYZTA RETAINS A 4.5% SHAREHOLDING IN PICARD, TO BE MONETISED AT A LATER STAGE

* THE PROCEEDS OF THE TRANSACTION WILL BE APPLIED TO DEBT REDUCTION Source text for Eikon: Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below