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C&C Group says to sell Tayto Crisps to Largo Food for 62.3 mln eur

Wed, 5th Jul 2006 15:41

LONDON (AFX) - Irish drinks and snacks maker C&C Group PLC said it has ent
ered into an agreement to sell Tayto Crisps Ltd to Largo Food Exports Ltd for 62.3 mln eur cash.

The deal, subject to regulatory consents, is expected to be completed before the end of the year.

Proceeds from the sale will go towards paying down debt, the company said in a statement.

Tayto supplies savoury snacks and crisps in Ireland.

In the year to February, 2006, Tayto generated operating profits before exceptional items of 5.8 mln eur, on sales of 47.3 mln eur.


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