Aryzta poised to sell 49% shareholding in Picard - reported rumour
Aryzta [SIX:ARYN], [ISE:YZA] shares gained up to 6.8% in Zurich on Friday, 5 May on talk that the Swiss food company is poised to sell its 49% shareholding in the French frozen food supplier Picard, The Irish Independent reported. The newspaper’s markets section did not cite a source for the rumour.
As previously reported, Aryzta CEO Owen Killian confirmed in January that chairman Gary McGann will review the company’s 49% interest in Picard.
A spokesperson for Aryzta refused to comment on the matter on Friday, the item said.
Aryzta acquired its stake in Picard for EUR 446m (CHF 484m) in 2015.
Background:
A report from this news service on 17 March said Picard’s owners Lion Capital and Aryzta had hired the investment bank Rothschild to advise on a sale of the French company, citing four sources familiar with the situation for the information.
A report from this news service on 17 March said Picard’s owners Lion Capital and Aryzta had hired the investment bank Rothschild to advise on a sale of the French company, citing four sources familiar with the situation for the information.