PinguinLutosa NV (PIN), the Belgian producer of frozen vegetables, rose the most in almost three years in Brussels trading after saying it received unsolicited non-binding offers for its potato division. The shares climbed as much as 91 cents, or 11 percent, to 8.90 euros, the biggest intraday percentage increase since Aug. 10, 2009.
PinguinLutosa’s board and management will “carefully” consider the offers. Dutch potato group Aviko is one of several companies interested in buying the potato business, De Standaard reported today, citing PinguinLutosa Chairman Luc Van Nevel.
Related: Statement by PinguinLutosa
Related: Statement by PinguinLutosa
