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 Η446.6m, largely funded with the net proceeds from the Origin placement (c. Η400m, net of fees and taxes).
The news release can be downloaded from the following link:
