Business
Completion of disposal
Completion of disposal.
About this update from Premier Foods Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 4755C Premier Foods plc 07 March 2011 \n \n\nPremier Foods plc\n(\"Premier Foods\" or the \"Company\")\nCOMPLETION OF THE DISPOSAL OF THE MEAT-FREE BUSINESS\nFurther to Premier Foods' announcements in respect of the proposed disposal of the Meat-free Business, the Company now confirms that all of the pre-completion conditions, as set out in a circular to shareholders dated 15 February 2011, have been satisfied.\nConsequently, Premier Foods is pleased to announce that it has today completed the disposal of Marlow Foods Limited, the owner of the Meat-free Business which manufactures and sells products under the Quorn and Cauldron brands, to Exponent Private Equity LLP for a total cash consideration of £205 million on a debt free and cash free basis.\nEnquiries\nFor further information, please contact:\nPremier Foods plc\n01727 815 850\nJim Smart (Chief Financial Officer)\nGwyn Tyley (Director of Investor Relations and M&A)\nMaitland\n020 7379 5151\nNeil Bennett\nBrian Hudspith\nRothschild\n020 7280 5000\nAkeel Sachak\nRobert Plowman\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISEAKDXEENFEFF\n\n \n ","length":2189,"tagName":"div"}]