Greenyard Prepared Netherland, which has a factory in Velden (Venlo), in the south of the Netherlands, is being acquired by the Polish investment company Cornerstone Investment Management, in collaboration with European financier Kartesia.
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The transaction, with a share value of 17 million euros, is expected to close during the summer. Greenyard “expects no material effect” on group results.
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The sale will help the listed company from Sint-Katelijne-Waver to reduce its debts. “With the divestment of Greenyard Prepared Netherlands, we complete our transformation and can fully focus on further accelerating our global core activities, while continuing to strengthen our strategic relationships,” said co-CEO Deprez.
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According to Deprez, the Polish acquirer has “ambitious growth plans” for the Dutch mushroom processor.
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Greenyard will announce annual results on Tuesday from its broken fiscal year, which ran until the end of March.
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