UK - The Findus Group has confirmed that it is in preliminary discussions with Nomad Holdings Ltd regarding the potential sale of Findus's continental European businesses.
The scope of these discussions includes Findus Nordic (including Sweden, Norway, Finland and Denmark) and Findus Southern Europe (including France, Spain and Belgium) but not Young’s Seafood Limited, Findus Group’s leading fish and seafood company in the UK.
Due Diligence is currently taking place. These discussions may or may not result in a transaction.
As well as Due Diligence, employee consultation and regulatory issues may eventually need to be addressed.
Meanwhile, Findus Group and its businesses units in all markets are focussed on business as usual – continuing to serve its customers and provide high quality food to consumers across Europe.
TheFishSite News Desk