Origin sells its stake in Valeo Foods for €86.6m
Published 28/07/2015 | 15:06
Origin Enterprises has sold its 32pc stake in Valeo Foods, which owns the Kelkin, Batchelors and Odlums brands.
The stake, sold to Capvest Partners, was sold for €42.5m in cash and €44.1m in full settlement of a vendor loan note.
Proceeds from disposal will be used initially to reduce debt and ultimately for investment in agri-services
The company will now focus mainly on fertiliser and animal feed products.