Business
Completion of acquisition expected 16 January 2026
Greencore Group plc has announced that the recommended acquisition of Bakkavor Group plc is expected to complete on January 16, 2026, following the satisfaction of regulatory conditions, including the UK Competition and Markets Authority's acceptance of undertakings to sell a Bristol site and the satisfaction of the United States HSR Act condition. The transaction remains subject to court sanction and other remaining conditions. Key dates in the transaction timetable include the publication of the Greencore Prospectus on January 8, 2026, and the Court Hearing on January 15, 2026, with the Scheme becoming effective on January 16, 2026. Disclaimer*
About this update from Greencore Group Plc
[{"type":"text","content":"\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM ANY RESTRICTED JURISDICTION OR WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF ANY SUCH JURISDICTION\n \nFOR IMMEDIATE RELEASE\n \n17 December 2025\n \nCOMPLETION OF GREENCORE'S RECOMMENDED ACQUISITION OF BAKKAVOR EXPECTED ON 16 JANUARY 2026\n \nGreencore Group plc (\"Greencore\") and Bakkavor Group plc (\"Bakkavor\") announce that the expected effective date of the scheme of arrangement (the \"Scheme\") in relation to Greencore's recommended acquisition of Bakkavor (the \"Transaction\") is 16 January 2026, at which point Greencore's recommended acquisition of Bakkavor will have completed.\n \nRegulatory conditions satisfied\n \nGreencore and Bakkavor are pleased to note that: (i) on 17 December 2025 the UK Competition and Markets Authority accepted Greencore's undertakings in lieu of reference to sell its Bristol chilled soups and sauces manufacturing site to Compleat Food Group (Holdings) Limited; and (ii) on 2 December 2025, the condition in relation to the United States HSR Act was satisfied.\n \nAccordingly, the CMA Condition and United States HSR Act condition set out in paragraphs 4 and 5 of Part A of Part VI of the Scheme Document have been satisfied.\n \nThe Transaction remains subject to the satisfaction or (if capable of waiver) waiver of the remaining conditions to the Scheme, including sanction of the Scheme by the Court.\n \nTransaction timetable - completion expected 16 January 2026\n \nGreencore and Bakkavor now expect that completion of the Transaction will occur in accordance with the following timetable.\n\n\n\n\nEvent\n\n\nExpected time/date(1)\n\n\n\n\nPublication of the Greencore Prospectus\n\n\n8 January 2026\n\n\n\n\nCourt Hearing\n\n\n15 January 2026\n\n\n\n\nScheme Record Time\n\n\n 6.00 p.m. on 15 January 2026\n\n\n\n\nLast day of dealings in, and for registration of transfers of, and disablement in CREST of, Bakkavor Shares\n\n\n15 January 2026\n\n\n\n\nSuspension of listing of and dealings in Bakkavor Shares\n\n\nBy 7.30 a.m. on 16 January 2026\n\n\n\n\nEffective Date of the Scheme\n\n\n16 January 2026\n\n\n\n\nCancellation of listing of Bakkavor Shares\n\n\nBy 8.00 a.m. on 19 January 2026\n\n\n\n\nAdmission of New Greencore Shares to the Official...