Aryzta's fund-raising plan scrapes through

Aryzta's fund-raising plan scrapes through
Aryzta plan had been opposed by Spanish hedge fund

Bakery group says it will continue to consult shareholders after narrow vote at annual general meeting

Shares in Irish-Swiss bakery group Aryzta dropped by almost 20 per cent on Thursday after shareholders narrowly backed a plan to raise almost €800m at the group’s annual meeting in Zurich.

Just under 53 per cent of shareholders voted in favour of the proposal, which had been opposed by Aryzta’s largest investor, Spanish hedge fund Cobas. Trading in the shares had been suspended for the...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post