Eridania Beghin-Say splits into four
Eridania Beghin-Say, the French foods company, is to split into
four separately listed companies to help create a clearer and
simpler structure for their...
four separately listed companies to help create a clearer and
simpler structure for their...
Eridania Beghin-Say, the French foods company, is to split into four separately listed companies to help create a clearer and simpler structure for their investors, the company announced recently. Eridania said that existing shareholders would receive shares in each of the four new companies, namely sugar activities, starch, animal nutrition and oils. The four Eridania companies will be listed on the Paris bourse. The plan is due to be finalised by early next year. The largest business is the oils division - including food oil, oilseeds and proteins - which represented half of Eridania's Euros 9bn (Dollars 7.7bn) in revenue last year. Eridania shares rose more than 5 per cent to Euros 115, their highest level this year.
