Wessanen sells PANOS Brands
(Thomson Reuters ONE) -
Royal Wessanen nv announces that it has sold its US subsidiary PANOS Brands to
an affiliate of private equity company High Road Capital Partners Fund I, L.P.
The purchase price on a cash- and debt-free basis amounts to USD 22 million
resulting in a book profit in the fourth quarter of about USD 9 million. This
book profit will be reported under 'Discontinued operations, net of tax'.
Wessanen also will report a net cumulative exchange loss deferred in equity of
approximately ?1.5 million in the fourth quarter.
The intention to divest PANOS was previously announced and is fully in line with
Wessanen's strategy to focus on organic food in Europe.
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For more information
Carl Hoyer (VP Corporate Communications)
Phone +31 (0)20 3122 140 / +31 (0)6 123 556 58
Emailcarl.hoyer(at)wessanen.com / investor.relations(at)wessanen.com
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Click here to download the full press release (PDF, 61k):
http://hugin.info/143317/R/1474019/410431.pdf
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Source: Royal Wessanen nv via Thomson Reuters ONE
[HUG#1474019]
Unternehmensinformation / Kurzprofil:
Datum: 20.12.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 49862
Anzahl Zeichen: 1667
contact information:
Town:
AT Amsterdam Zuidoost
Kategorie:
Business News
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"Wessanen sells PANOS Brands"
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