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:
