Brief: ForFarmers Sells Belgian Compound Feed Activities To Arvesta

ForFarmers NV

04/04/2023 07:04

April 4 (Reuters) - Forfarmers Nv  FFARM.AS :
    * FORFARMERS N.V.: FORFARMERS SELLS BELGIAN COMPOUND FEED
ACTIVITIES TO ARVESTA
    * ARVESTA TAKES OVER BOTH APPROXIMATELY 80 EMPLOYEES WHO
PRODUCE
AND SELL APPROXIMATELY 420K TONS OF FEED AND PRODUCTION SITE IN
IZEGEM IN WEST FLANDERS
    * IN ADDITION, MILL AND SITE IN INGELMUNSTER ARE ALSO
INCLUDED IN
TRANSACTION
    * FORFARMERS SHALL RECEIVE A NET AMOUNT OF EUR 25 MILLION
FROM
ARVESTA FOR TRANSACTION, TO BE PAID IN CASH AT CLOSING OF
TRANSACTION
    * SALE OF CO-PRODUCTS, ACTIVITIES IN BELGIUM OF ORGANIC FEED
PRODUCER REUDINK AND HORSE FEED PRODUCER PAVO ARE NOT INCLUDED
IN THIS TRANSACTION.
    * CLOSING IS EXPECTED TO TAKE PLACE IN SECOND HALF OF 2023.
    * , ARVESTA WILL TRANSFER ITS FEED ACTIVITIES IN BROILER
SECTOR IN
NETHERLANDS TO FORFARMERS

Source text for Eikon:  ID:nGNE3qyJ3G 
Further company coverage:  FFARM.AS 

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