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TOT Total Produce Plc

165.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Total Produce Plc LSE:TOT London Ordinary Share IE00B1HDWM43 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 165.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Total Produce Plc Dole Agrees the Sale of Nordic Salad Business (5963K)

17/12/2018 7:00am

UK Regulatory


Total Produce (LSE:TOT)
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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

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.

END

MSCFKQDKFBDDNBD

(END) Dow Jones Newswires

December 17, 2018 02:00 ET (07:00 GMT)

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