Raisio plc: Raisio has agreed on the divestment of its confectionery business to focus on brands enhancing well-being
Raisio plc, Stock Exchange Release, 22 December 2017, at 9.30 a.m. Finnish time RAISIO HAS AGREED ON THE DIVESTMENT OF ITS CONFECTIONERY BUSINESS TO FOCUS ON BRANDS ENHANCING WELL-BEING Raisio has agreed to divest its confectionery business to Valeo Foods Ltd. Raisio’s confectionery operations in the UK and Czech Republic will be transferred to become part of Valeo Foods Group by 29 December 2017 at the latest. The arrangement will be carried out as a share transaction and its enterprise value is EUR 100 million. Equity value of the deal paid by the buyer is EUR 77 million. “The