On June 19, Greenyard Foods holds a special meeting of shareholders. Main point on the agenda is the planned merger with Univeg and Peatinvest. Leading up to the meeting, Greenyard Foods published a number of documents providing insight into the merger and the companies. Together, the merged group is worth more than 900 million Euro, taking into account a synergy potential of over 150 million Euro. The shares are valued at 21.7 Euro on top of the current 17.7 Euro rate.
The published annual accounts offer a look into the financial achievements of the parties involved in recent years. Univeg, by far the biggest party in this merger with a revenue of over 3.2 billion Euro, ended the past years in the black. In 2013, the company made a profit of over 16.2 million. Last year, Univeg had a net profit of over 17 million. Peatinvest, with a revenue of 66 million in 2014, is the smallest party when it comes to revenue. In 2014, the company made a profit of over 4.3 million Euro. Takeover candidate Greenyard Foods achieved a revenue of 623.1 million Euro and a 61.7 million Euro profit in the 2013/2014 financial year.