Icelandic food company Bakkavor has increased its stake in Geest, but said it was not planning a takeover offer for the UK convenience food group in the near future.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Bakkavor said it has increased its stake in Geest to 20.03%, after taking a 10.3% stake in the company late last month.


“We have no plan to make an offer for Geest but we see the sector as a good investment opportunity,” Lydur Gudmundsson, Bakkavor’s chief executive officer, told Reuters. “It is based on our knowledge of the industry and we believe that the industry is going to continue to grow.” 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now