Gimv sells its stake in Salsa Food Group

11/12/2012 - 17:45 | Portfolio

Gimv sells its share in Salsa Food Group to SaladSignature, a leading producer of refrigerated spreadable salads and convenience food, both in Belgium and the Netherlands.

Salsa Food Group and SaladSignature will now join their forces. All shares and obligations of Salsa Food Group are acquired by SaladSignature. Salsa Food Group will continue to operate as a separate business unit within SaladSignature, besides HamalSignature in Belgium and Johma Salades and Westland Salades in the Netherlands.

The sale has no significant impact on Gimv’s last published equity value at 30 September 2012. Gimv realised a negative return on investment over the entire investment period. No further financial details on this transaction will be disclosed.

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