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Dole Agrees the Sale of Nordic Salad Business

17 Dec 2018 07:00

RNS Number : 5963K
Total Produce Plc
17 December 2018
 

 

 

 

Total Produce plc

 

 

Dole Agrees the Sale of Nordic Salad Business

 

 

Total Produce plc is pleased to announce that Dole Food Company ("Dole") has entered into an agreement to sell Saba Fresh Cuts AB and Saba Fresh Cuts OY to BAMA International which is headquartered in Oslo, Norway.

The sale of Saba Fresh Cuts AB was a condition of the European Commission's approval of the acquisition by Total Produce of a 45% equity stake in Dole in July 2018.

Saba Fresh Cuts AB, with a production facility in Helsingborg Sweden and Saba Fresh Cuts OY, with a production facility in Espoo Finland are producers of washed and ready-to-eat salads.

This transaction is expected to close in Q1 2019 and is subject to approval by the European Commission. Dole was advised by investment bank and financial services company Houlihan Lokey, Inc., in this transaction.

 

17 December 2018

 

For further information, please contact:

 

Brian Bell or Peter O'Brien, Wilson Hartnell PRTel: +353-1-669 0030

Ivan Murphy, Davy Corporate FinanceTel: +353-1-679 6363

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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