Investigating business combination between Greenyard Foods, Univeg & Peatinvest to create global leader in fruit and vegetables

04-03-2015 16:48

The Board of Directors of Greenyard Foods (Euronext Brussels: GRYFO) announces that it will start preliminary discussions in relation to a possible business combination between Greenyard Foods, Univeg Group and Peatinvest.

The Board of Directors of Greenyard Foods believes that a business combination of the three groups has the potential to create a unique global player in the fruit and vegetables market capable of offering the full range of fresh, frozen and canned products. The possible combination of Greenyard Foods, Univeg and Peatinvest would allow to create a global market leader with combined sales in excess of 3.7 billion EUR.

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