Source - RNS
RNS Number : 6371I
Moy Park Holdings (Europe) Limited
20 June 2017
 

20 June 2017

MOY PARK HOLDINGS (EUROPE) LIMITED

Statement Regarding Divestment Programme by JBS

 

JBS S.A., the parent company of Moy Park, has today announced an asset divestment programme focused on strengthening its financial position through net debt reduction. This programme includes an intention to sell JBS's 100% shareholding interest in Moy Park.

 

Any sale of JBS assets as proposed in the divestment programme is subject to the prior approval of JBS's Board of Directors and the consent of the BNDESPar, in accordance with the terms and conditions of the shareholders' agreement, when applicable.

 

Moy Park's priority is business as usual: continuing to meet and exceed the needs of its customers and consumers throughout the UK, Ireland and mainland Europe, delivering outstanding quality, innovation and service.

 

Moy Park management will keep the market informed of any further news on this development.

 

ENDS

Enquiries:

Powerscourt

+44-(0)-207-250-1446

Nick Brown

moypark@powerscourt-group.com

 

 

Morrow Communications

+44-(0)-289-039-3837

Jacinta Parkhill

j.parkhill@morrowcommunications.com

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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