Aryzta chief executive Owen Killian triggered an intriguing poker game with Canadian coffee and doughnut chain Tim Hortons earlier this month.
The baked goods group, formed from the merger of Ireland’s IAWS and Swiss company Hiestand, invoked a clause in its joint venture agreement with Tim Hortons that could force its Canadian partner to buy out Aryzta’s 50 per cent interest in the venture.
If this does not happen, Aryzta could buy...
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