Fleury Michon: sale of shares in Platos Tradicionales

(CercleFinance.com) - Following negotiations announced in early June, Fleury Michon announces the sale of its entire stake in Platos Tradicionales to its long-standing partner, Familia Martínez, for 68 million euros, with a partial six-month deferral.


The contribution of Platos Tradicionales (until then a joint venture between Fleury Michon and Familia Martínez) to the food group's consolidated accounts resulted in a share in the company of 8.5 million euros at December 31, 2023.

This transaction will enable Fleury Michon to strengthen its financial structure, accelerate its development projects, maintain a high level of investment in its production facilities and focus on supporting its growth drivers.

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