Aryzta set to slim down as big decision looms in November

The troubled Irish-Swiss food company has been weighing up a takeover approach from an investment firm

11th October, 2020
Aryzta set to slim down as big decision looms in November
The Irish-Swiss food company has been evaluating a takeover approach from investment firm Elliot Advisers.

Aryzta is to decide its strategic direction in November, with a slimmed-down version of the company and hiving off assets now considered the most likely future options.

The Irish-Swiss food company has been evaluating a takeover approach from Elliot Advisers, the investment firm, and a number of offers for individuals parts of the company.

Aryzta’s revamped board, led by Urs Jordi, the new chairman who was voted in by a group of activist shareholders, is...

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