Total Produce Plc Dole Agrees the Sale of Nordic Salad Business (5963K)
17 Diciembre 2018 - 1:00AM
UK Regulatory
TIDMTOT
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 PR
Tel: +353-1-669 0030
Ivan Murphy, Davy Corporate Finance
Tel: +353-1-679 6363
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END
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