Aryzta plans €800m cash call after share slide

Aryzta plans €800m cash call after share slide
Aryzta owns the Cuisine de France brand

Having seen its share price slump last week, Aryzta has announced a range of measures to reduce borrowings and cut its cost base

Aryzta, the struggling Swiss-Irish food group, is planning to raise up to €800 million from investors to reduce its debt levels.

Having seen its share price slump last week, Aryzta has announced a range of measures to reduce borrowings and cut its cost base. The company said it plans to raise €800 million in equity through a rights issue and plans to cut €90 million from operating costs.

Shares in Aryzta have struggled in the past two years...

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