Dairy Crest to Sell St Hubert
UK - Dairy Crest has had approval from its shareholders to sell its French spreads business, St Hubert, to Brassica Acquisition for £344million. Brassica Acquisition is a company backed by Montagu Private Equity.
17 August 2012
1 minute read
Dairy Crest announced yesterday that the French Anti-Trust Authority (Autorité de la Concurrence) were satisfied that all the conditions for the disposal of St Hubert were met, paving the way for completion of the deal by 28th August.
St Hubert was placed on the market in March and a bid was announced to have been received from Brassica at the end of June.
TheCattleSite News Desk
