UNIBEL : Undertaking to sell MOM 2021
April 30 2021 - 12:00PM
UNIBEL : Undertaking to sell MOM 2021
Suresnes, April
30th, 2021 at
6:00 pm
Unibel :
Bel exerts the
undertaking to sell (call
option) granted by the
minority shareholders in 2016 and acquires an additional 17.56% of
the capital of the MOM Group
In accordance with the agreements entered on
October 20th and December 15th, 2016, Bel has today partially
exerted the undertaking to sell (call option) granted by the
minority shareholders of the MOM Group and acquired 17.56% of the
ordinary shares (1).
Following this transaction, Bel holds 82.5% of
the ordinary shares of the MOM Group.
As a reminder, Bel had acquired 65% of MOM
Group's common shares on December 15th, 2016.
Bel remains in possession of an undertaking to
sell (call option) granted by the minority shareholders on 17.56%
of the ordinary shares of the MOM Group.
About
Unibel
Unibel, a heritage company is the holding
company of the Bel Group, a world leader in branded cheese and a
major player in the healthy snack market. Its portfolio of
differentiated and internationally recognized brands include such
products as The Laughing Cow®, Kiri®, Mini Babybel®, Leerdammer®,
Boursin®, Pom’Potes®, and GoGo squeeZ®, as well as some 20 local
brands. Together, these brands helped generate sales of €3.46
billion in 2020.Some 12,510 employees in some 30 subsidiaries
around the world contribute to deployment of the Group's mission to
champion healthier and responsible food for all. Bel products are
prepared at 33 production sites and distributed in nearly 120
countries.http://www.unibel.fr
(1) For a reminder of the terms
and conditions of the Sale agreement, see the Universal
Registration Document filed with the AMF on April 6th, 2021
- Unibel_Press Release_Undertaking to sell_2021_US - Copie
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