22nd Apr 2016 06:29
LONDON (Alliance News) - Bisto gravy and Mr Kipling cakes maker Premier Foods PLC on Friday said it has entered into a relationship agreement with Nissin Foods Holdings Co Ltd.
Under the terms of the agreement, Nissin will have the right to appoint a non-executive director to Premier's board for so long as Nissin holds an interest of at least 15% in Premier.
Japan's Nissin, which invented the instant noodle, last month bought a 17% stake in Premier from private equity group Warburg Pincus for 63.00 pence per share.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Premier Foods