Dairy Crest Regulatory News (DCG)

11 Dec 2006 07:00

Dairy Crest Group PLC11 December 2006 For Immediate ReleaseDairy Crest Group plc11 December 2006 Dairy Crest Group plc ("Dairy Crest")Update on proposed acquisition of St Hubert SAS ("St Hubert") On 9 November 2006 Dairy Crest announced that it had entered into an agreementintended to lead to the purchase of St Hubert, the French and Italian spreadsbusiness of Uniq plc ("Uniq"), for €370 million. Following the positiveconfirmation from the consultation with the St Hubert workers council, DairyCrest and Uniq have today entered into a binding sale and purchase agreement,the terms of which are identical to those set out in the announcement on 9November. Completion of the acquisition is conditional on the approval of both Dairy Crestand Uniq shareholders. Circulars are expected to be sent to shareholders shortlyand both Extraordinary General Meetings to approve the transaction are expectedto take place in early January. For further information, please contact: Dairy Crest:Will Shaw, Investors + 44 (0) 7919 568498Nicole Lander, Media + 44 (0) 7801 235756 Brunswick: + 44 (0) 20 7404 5959 Simon Sporborg / Laura Cummings This information is provided by RNS The company news service from the London Stock Exchange