Brief: AB Foods To Demerge Primark From FoodCo

Associated British Foods

21/04/2026 07:04

April 21 (Reuters) - Associated British Foods PLC ABF.L:

ASSOC.BRITISH FOODS  - OUTCOME OF ITS REVIEW OF GROUP STRUCTURE

AB FOODS - TO DEMERGE PRIMARK FROM FOODCO; SHAREHOLDERS TO HOLD SHARES IN BOTH ENTITIES

AB FOODS - WITTINGTON TO MAINTAIN MAJORITY OWNERSHIP OF PRIMARK AND FOODCO AFTER DEMERGER

AB FOODS - DIS-SYNERGIES EXPECTED BELOW £45 MILLION; SEPARATION COSTS AROUND £75 MILLION

AB FOODS - PRIMARK AND FOODCO TO BE LISTED ON LONDON STOCK EXCHANGE; EXPECTED FTSE 100 CONSTITUENTS

AB FOODS - FOODCO TO RETAIN ASSOCIATED BRITISH FOODS PLC NAME AFTER DEMERGER

AB FOODS - GEORGE WESTON TO BE CEO OF FOODCO; EOIN TONGE TO BE CEO OF PRIMARK

AB FOODS: DEMERGER EXPECTED TO CONSTITUTE SIGNIFICANT TRANSACTION FOR ABF UNDER CHAPTER 7 OF UK LISTING RULES

Source text: ID:nRSU2077Ba

Further company coverage: ABF.L