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BRIEF-Bakkavor Group Announces Sale Of China Operations
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BRIEF-Bakkavor Group Announces Sale Of China Operations
May 25, 2025 9:58 PM

April 29 (Reuters) - Bakkavor Group Plc ( BKKVF ):

* SALE OF CHINA OPERATIONS

* PROPOSED DEAL FOR CASH CONSIDERATION IS RMB C.500M

(C.£50M) ON A

CASH AND DEBT-FREE BASIS

* CASH CONSIDERATION IS RMB C.500M

* TRANSACTION PROCEEDS DILUTIVE TO GROUP ADJUSTED OPERATING

PROFIT

MARGIN, WILL SUPPORT DELIVERY OF GROUP'S MEDIUM-TERM MARGIN

TARGET OF 6%

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