date:Aug 24, 2012
egy to simplify the business and focus on our Power Brands. Following completion of this sale, we will have raised around 275M of the 330M disposal proceeds that we committed to achieving by June 2014. This will represent a 22% reduction in our net debt since the half year.
With its net debt/EBITDA expected to stay close to 5x in financial year 22013, Panmure maintained its 'hold' recommendation.
The saleincludes the brands: Hartley's, Roberton's, Frank Cooper, Gales and Sun-Pat and the Histon