PinguinLutosa gains in Brussels trading on offers for potato unit

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PinguinLutosa gains in Brussels trading on offers for potato unit
September 04, 2012
Source
Bloomberg.com
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
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French Fries and Potato SpecialtiesMergers and Acquisitions
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  • PinguinLutosa

    Pinguin is a specialist in vegetables and set itself the objective of offering a broad range of quality 'Vegetable Solutions' to all types of customers. Pinguin acquired the potato processing company Lutosa in 2007 and changed name to PinguinLutosa.

  • Aviko

    Aviko is one of the four largest potato processors in the world and is European market leader of fresh, frozen and dried potato products. Aviko provides appropriate potato products for every market (foodservice, retail or industry).

  • Lamb Weston Holdings Inc

    Lamb Weston Holdings Inc (NYSE:LW) is the largest potato company in North America with annual sales of approximately USD 2 billion. Lamb Weston manufactures french fries, potato specialities and dehydrated potato products.

  • McCain Foods Limited

    McCain Foods Limited is an international leader in the frozen food industry and the world’s largest manufacturer of frozen potato specialities, employing approximately 18,000 people and operating 50 production facilities on six continents.
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