ABF completes acquisition of Hovis Group
The acquisition combines Hovis with Allied Bakeries to create a sustainable UK bakery business with enhanced market position and operational synergies.
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Diversified international food, ingredients, and retail group
abf.co.ukLast updated
In short: ABF confirmed the acquisition of Hovis and initiated a demerger of Primark, which is expected to be completed by the end of 2027.
The acquisition combines Hovis with Allied Bakeries to create a sustainable UK bakery business with enhanced market position and operational synergies.
The food company will now work towards completion of the deal to create a sustainably profitable UK bakeries business.
She joins from Ingka Group and has over 20 years at Shell, bringing finance expertise for growth and standalone transition.
The move enables investors to better understand ABF's differentiated food portfolio and its growth opportunities.
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Associated British Foods (ABF) (ISIN GB0006731235) is a diversified food and retail group whose AB Foods stock offers investors exposure to both global branded food...
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