31 March 2014
Premier Foods plc (the "Company")
Competition approval in relation to Joint Venture
Further to its announcement on 27 January 2014, Premier Foods today announces that it has obtained competition approval from the European Commission in relation to its agreement with The Gores Group to operate its bread business1 as a stand-alone joint venture which will trade under the name of Hovis Limited (the "Joint Venture Transaction").
The Joint Venture Transaction is expected to complete by the end of April 2014.
Enquiries
Premier Foods plc |
+44 (0) 1727 815850 |
Richard Johnson, Group Corporate Affairs Director |
|
Richard Godden, Head of Investor Relations |
|
|
|
Maitland |
+44 (0) 20 7379 5151 |
Liz Morley |
|
Tom Eckersley |
|
Notes to editors
1. The Bread business excludes the Charnwood Foods facility in Leicester and a flour mill in Andover
END
