Possible business combination between UNIVEG, Greenyard Foods, Peatinvest
The board of directors of UNIVEG Group 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 UNIVEG, Greenyard Foods and Peatinvest would allow to create a global market leader with combined sales in excess of 3,7 billion EUR.
Hein Deprez, Chairman of UNIVEG, Greenyard Foods and Peatinvest says:
“Creating a combined group offering fresh, frozen and canned fruit and vegetables would be beneficial to growers, retailers, consumer, employees and shareholders. We believe societal trends call for a more holistic view on fruit and vegetable consumption.”
The Deprez Holding is a reference shareholder in UNIVEG, Greenyard Foods and
Peatinvest. Discussions are scheduled to take place regarding valuation and transaction structure, and a joint strategic roadmap for the combined entity is being developed.
No final decision has been reached regarding the structure of any business combination. In the meantime, there can be no certainty on any agreement between UNIVEG, Greenyard Foods or Peatinvest, or as to the terms of any such agreement.
A further announcement will be made in due course, if and when appropriate.
For more information:
Francis Kint
UNIVEG
Tel: +32 (0)15 324200
E-mail: Francis.kint@univeg.com
www.univeg.com