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Aryzta sells the remaining stake in Picard
Agreement with Lion Capital and Invest Group Zouari for approximately 24 million euros
![Aryzta logo](https://www.efanews.eu/resources/big/b3b66a9b3c9f8bdd2863935813707ea1.jpg.webp)
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...
hef - 15939
EFA News - European Food Agency
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EFA News - European Food Agency