Unigate selling Dutch stake

Thursday 16 November 1995 00:02 GMT

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Unigate, the dairy and fresh foods group, is to sell its 29 per cent stake in Nutricia, the Dutch producer of infant milk and clinical nutrition products. The stake has a market value of pounds 329m and will be sold to institutional investors rather than a single buyer. It will erase Unigate's pounds 134m of debts and give the company the firepower to fund further acquisitions in its core food and distribution businesses.

Investment Column, page 26

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Unigate selling Dutch stake

Join our commenting forum

Thank you for registering