Bakkavor Group Announces Sale Of China Operations
ReutersApr 29, 2025 6:43 AM
April 29 (Reuters) - Bakkavor Group Plc BAKK.L:
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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