Food and agribusiness: Aryzta less likely to sell Origin stake after fundraising
Aryzta looks increasingly unlikely to dispose of its stake in Irish-based agriculture group Origin Enterprises, as has long been rumoured.
Iseq-listed Aryzta looks increasingly unlikely to dispose of its stake in Irish-based agriculture group Origin Enterprises, as has long been rumoured, after the company successfully raised 300 million Swiss francs in new debt.
Speculation about the Irish-Swiss bakery group's plans had been linked to its need to refinance debts falling due in October 2014. Two weeks ago, however, Aryzta strengthened its footing by selling a hybrid bond for the equivalent of €246.6 million). The proceeds will...
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