Largo Foods owner Ray Coyle has reportedly indicated that German food group Intersnack is eyeing a larger stake in the Irish maker of Tayto and Hunky Dory crisps.
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According to Coyle, Intersnack, who purchased a 15% skate in Largo for EUR15m (US$18.8m) last year, has approached him over the possibility of buying more shares.
Coyle told The Irish Times: “They want to buy some more shares at the same price but I haven’t decided if I’ll do that.”
When contacted by just-food the Cologne-based food group declined to comment on the report.
However, the company did confirm that it was looking at “strategic opportunities” to drive long-term growth.
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