The European Commission has given the green light for the merger between Greenyard Foods, Univeg and Peatinvest, Greenyard Foods said on Tuesday. “This is an important step in our operation to create a world leader in the Fruit and Veg sector”, the company added. The transaction still has to be approved by the FSMA and the extraordinary Greenyard Foods General Assembly, planned on the 19th of June.
If it goes through, Greenyard Foods, which is a listed company, will become the holding company of a new group, into which Univeg and Peatinvest will become completely integrated. To this end, 25.5 million Greenyard Foods shares will be handed out to Univeg and Peatinvest shareholders.
Maria Novak (Source: Belga)