Premier Foods Disposes of Hain Celestial Share for £32.0 Million
November 23
11:36
2012
On 27 October 2012, Premier Foods completed the disposal of its Sweet Spreads and Jellies business to The Hain Celestial Group. for an aggregate consideration of £200 million, satisfied by £170 million in cash and the issue of shares in Hain Celestial with a value of at least £30 million on completion.
Premier Foods has now completed the disposal of the Hain Celestial shares for total cash consideration of £32.0 million. The total gross proceeds from the disposal, which amount to £202.0 million, will be used to pay down debt.
