The capital raising plan by the owner of Cuisine de France is aimed at repaying borrowings and funding a major restructuring of the troubled group.
Aryzta’s share price has tumbled by 80 per cent in the past year after a series of profit warnings. The company recorded a trading loss of more than €400m for the year to the end of July.
Cobas, however, had wanted the cash call cut in half, and...
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