Aryzta AG Gets A binding Offer To Sell The Majority Of Its Stake In Picard

  • Aryzta AG (0MFY) has received a binding offer from Invest Group Zouari to sell the majority of its stake in Picard.
  • Of the total consideration of EUR 247 million deal, EUR156 million is for 43 per cent stake along with prior Picard dividend income of EUR 91 million.
  • The company has retained with it 4.5 per cent stake in Picard, which will be monetised at a later stage.