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United Kingdom

Greencore Group PLC (GNC.L)

GNC.L on London Stock Exchange

194.95GBp
13 Nov 2018
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Mon, Oct 15 2018

Sandwich maker Greencore abandons U.S. ambitions with $1 billion disposal

DUBLIN British sandwich maker Greencore Group has agreed to sell its entire U.S. business for a little more than $1 billion, it said on Monday, abandoning the market only two years after spending heavily in an effort to quadruple sales there.

Sandwich maker Greencore abandons U.S. ambitions with $1 billion disposal

DUBLIN British sandwich maker Greencore Group has agreed to sell its entire U.S. business for a little more than $1 billion, it said on Monday, abandoning the market only two years after spending heavily in an effort to quadruple sales there.

UPDATE 1-Sandwich maker Greencore abandons U.S. ambitions with $1 bln disposal

* Shares down 2.8 pct (Recasts, adds detail, shares, analyst and investor)

Greencore sells U.S. business for $1 billion

DUBLIN, Oct 15 Greencore Group, Britain’s biggest sandwich maker, on Monday said it had sold its U.S. business for just over $1 billion, two years after it made a major acquisition in a bid to transform its U.S. operations.

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