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Competition Approval

31 Mar 2014 08:20

RNS Number : 5563D
Premier Foods plc
31 March 2014
 



31 March 2014

 

Premier Foods plc (the "Company")

 

Competition approval in relation to Joint Venture

 

Further to its announcement on 27 January 2014, Premier Foods today announces that it has obtained competition approval from the European Commission in relation to its agreement with The Gores Group to operate its bread business1 as a stand-alone joint venture which will trade under the name of Hovis Limited (the "Joint Venture Transaction").

 

The Joint Venture Transaction is expected to complete by the end of April 2014.

 

 

Enquiries

 

Premier Foods plc

+44 (0) 1727 815850

Richard Johnson, Group Corporate Affairs Director

 

Richard Godden, Head of Investor Relations

 

 

 

Maitland

+44 (0) 20 7379 5151

Liz Morley

 

Tom Eckersley

 

 

 

Notes to editors

 

1. The Bread business excludes the Charnwood Foods facility in Leicester and a flour mill in Andover

 

END

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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