2nd Apr 2007 10:13
Premier Foods plc02 April 2007 Premier Foods plc ("Premier") announces that it has sold its Fresh Produce division, MBM Produce Ltd. ("MBMG") to management. Further to the announcement made at its preliminary results on 6 March 2007,Premier announces that it has completed the sale of its Fresh Produce division,MBM Produce Ltd. ("MBMG") to Abbanoy Produce Holdings Ltd., a company controlledby MBMG's Managing Director Pepe Bascetta. Based in March, Norfolk, MBMGsupplies potatoes and other fresh produce to industrial and foodservicecustomers, as well as to multiple retailers. The book value of the gross assetsand net assets being sold were £47 million and £23 million, respectively, at 31December 2006. Premier was advised by Rabobank on this transaction. For further information, please contact: Premier Foods plc Tel: 01727 815 850 Paul Thomas, Finance DirectorRobert Lawson, Director of Mergers & Acquisitions and Investor RelationsGwyn Tyley, Investor Relations Manager This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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