Vion Food Group divested its shares
Key Points
- Vion Food Group has sold its shares in several subsidiaries.
- The divestment is part of Vion's strategy to focus on its core pork and poultry businesses.
- The sale will generate proceeds of approximately €80 million.
Vion Food Group sells shares
Vion Food Group has announced the sale of its shares in a number of subsidiaries, as part of its strategy to focus on its core pork and poultry businesses. The divestment will generate proceeds of approximately €80 million.
The subsidiaries being sold include:
- Vion Ingredients GmbH, a producer of collagen-based products
- Vion Convenience GmbH, a producer of convenience food products
- Vion Eastern Europe Sp. z o.o., a distributor of meat products in Eastern Europe
The sale is expected to be completed by the end of the year.
Vion's focus on core businesses
Vion Food Group is a global food company with operations in over 20 countries. The company's core businesses are pork and poultry, and it is one of the largest pork producers in Europe.
The sale of the subsidiaries is part of Vion's strategy to focus on its core businesses. The company believes that this will enable it to improve its operational efficiency and financial performance.
The proceeds from the sale will be used to reduce debt and invest in the company's core businesses.
Impact of the sale
The sale of the subsidiaries is expected to have a number of benefits for Vion Food Group, including:
- Improved operational efficiency
- Enhanced financial performance
- Reduced debt
- Increased investment in core businesses
The sale is a significant step in Vion Food Group's strategy to focus on its core pork and poultry businesses. The company believes that this will enable it to improve its competitiveness and long-term profitability.
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