Aryzta to Sell Majority Stake in Picard

October 7, 2019

Swiss baking company Aryzta has announced that it has received a binding offer to sell 43% of its stakes in the French frozen food company, Picard. The offer, made by Invest Group Zouari, includes EUR156m for the stakes and EUR91m from Picard’s prior dividend income, taking the total value of the deal to EUR247m. The […]

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