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Aryzta sells the remaining stake in Picard

Agreement with Lion Capital and Invest Group Zouari for approximately 24 million euros

Food company with global interests Aryzta has reached an agreement with Lion Capital and Invest Group Zouari (Igz) to sell its remaining 4.64% stake in Picard for approximately € 24 million. In 2019, Aryzta announced the sale to Igz of a large chunk of its stake in the French frozen food company. Igz, based in Tunisia, acquired a 43% stake in Picard for € 156 million, leaving Aryzta with a stake of...

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EFA News - European Food Agency