UK-based chilled foods group Bakkavor plans to sell its businesses in France and Spain to French co-op Agrial.
Bakkavor said yesterday (31 October) the two companies have started talks with worker representatives on the proposed deal.
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Agrial, which owns the Florette salad brand, would snap up assets including French salads maker Cinquième Saison Saint-Pol and Spanish salads firm Sogesol.
Bakkavor said the transaction was subject to competition clearance and added further announcements would be made “in due course”.
Speaking to just-food, a spokesperson for Bakkavor would not explain in detail the rationale for the sale. However, he said: “This proposed sale should be seen within the context of Bakkavor focussing strategically on its core businesses.”
Agrial could not be reached for immediate comment.
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