date:Jun 16, 2012
Premier, which owns brands such as Hovis and Oxo, saw shares rise 10% today on the news that it had found a buyer for its 34M turnover vinegar and sour pickles business, including the Sarsons brand. It is selling the operations to Japanese vinegars specialist Mizkan for 41M cash.
While this is a trade sale, analysts suggested that, with 290M more assets on the table to sell, Premier might see many of its businesses going to companies in emerging markets in Asia, which are staking out territory