Thu, 22 Jan 2015 | DIVISION SALE
Reports suggest that the frozen food firm Findus has begun discussion on the possible sale of its UK arm.
Shareholders and Findus Group are in the early stages of discussions on selling their UK operations for hundreds of millions of pounds, Sky News reports. The firm is currently owned equally by three investors: Lion Capital, JP Morgan and Highbridge Capital. Findus has operations in the UK, France and Scandinavia.
Sources suggest that while advisers have not yet been appointed to deal with the UK division, this will be confirmed in the coming months as the process has just began and no formal decision has been taken.
Findus replied to the reports from Sky News, issuing a statement that read: "No sale process is under way for the UK business, or any part of the Findus Group at this time."
However, the statement went on to say: "The owners and senior executives of Findus Group keep their long-term options continuously under review."
Findus was at the centre of the horsemeat scandal, after it was found in February 2013 that its lasagnes contained up to 100 per cent horsemeat. The company’s performance has since recovered, leading to the issue of a £200 million bond last year, rumoured to have led to a multi-million pound payout for investors.
______________________________________________________________________
Related information:
Browse the latest food businesses for sale
Offered for sale are two businesses, the first of which specialises in the construction of high-end new build homes and commercial projects. Its sister business supplies high-quality building materials, and accessories, stocking an extensive range of...
The company has established itself as a reliable supplier of several precision engineering methods, which enable it to offer clients complete cutting profiles and components.
The business specialises in the supply, installation, and maintenance of industrial equipment, with expertise in asphalt plants, concrete batching plants, and mineral processing equipment.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.