Brief: Ter Beke Reaches Agreement On Intention To Acquire Sigma's Operations In Belgium And Netherlands

Whats Cooking NV

07/10/2021 06:11

Oct 7 (Reuters) - TER BEKE NV  TERB.BR :
    * REACHES AGREEMENT ON THE INTENTION TO ACQUIRE SIGMA’S
OPERATIONS
IN BELGIUM (IMPERIAL) AND THE NETHERLANDS (STEGEMAN)
    * AFOREMENTIONED FACILITIES AND THEIR EMPLOYEES CONTINUE TO
OPERATE IN THEIR ORDINARY COURSE
    * IS PROUD TO ANNOUNCE THAT IT REACHED AN AGREEMENT WITH
SIGMA ON
ITS INTENTION TO ACQUIRE 100% OF THE SHARES OF SIGMA’S ENTITIES
IN BELGIUM AND THE NETHERLANDS
    * THE INTENDED TRANSACTION INCLUDES SIGMA’S SIX PRODUCTION
FACILITIES, FIVE IN BELGIUM (LIEVEGEM, CORNBY, AMANDO, DACOR,
CHAMPLON) AND ONE IN THE NETHERLANDS
    * TRANSACTION IS EXPECTED TO CONCLUDE IN THE FOLLOWING
MONTHS,
SUBJECT TO CLEARANCE BY COMPETITION AUTHORITIES AND RESPECTING
LOCAL EMPLOYEE CONSULTATION RIGHTS

Further company coverage:  TERB.BR 

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