Aryzta needs cash buffer against risky US sell-off, warn brokers

Analysts say Covid-19 could halt the sale of American holdings which are key to the Irish-Swiss food giant’s survival

17th January, 2021
Aryzta needs cash buffer against risky US sell-off, warn brokers
Aryzta has pinned its turnaround plan on exiting the US, which accounts for about 40 per cent of revenues

Aryzta, the Irish-Swiss food company, could require additional capital if the sale of its US business is halted because of Covid-19, analysts have warned.

The company’s food divisions across the Americas are up for sale in an effort to reduce debt, but analysts at Swiss brokers Zürcher Kantonalbank said any delay in offloading the troubled unit would require Aryzta to raise cash.

“In the event of an unexpectedly very long coronavirus...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Dalata chief executive steps down as hotel group suffers €101m losses

Companies Donal MacNamee 16 hours ago

Complaint against Boohoo in US over ‘forced labour’ allegations

Irish firms could face fines of up to €10m for failure to prevent cyberattacks

Carney a ‘good friend’ to Ireland after banking crash