LONDON: Greencore Group PLC has agreed to acquire Bakkavor Group PLC in a deal valued at approximately £1.2 billion, creating one of the largest UK convenience food businesses. Under the terms of the recommended acquisition, Bakkavor shareholders will receive 0.604 new Greencore shares and 85 pence in cash per share, valuing each Bakkavor share at…
Tag: Bakkavor Group
Bakkavor Group agrees to sell China operations for £50 million
LONDON: Bakkavor Group plc, a leading international provider of fresh prepared food, has entered into a binding agreement to sell its China operations, with the sale of the entire issued share capital of Bakkavor China Holdings Limited (“BCHL”) to Lihe Xing (Qingdao) Food Technology Co. Ltd., wholly owned by Lihoo’s (Qingdao) Food Industry Company Limited…