Unigate selling Dutch stake

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The Independent Online
Unigate, the dairy and fresh foods group, is to sell its 29 per cent stake in Nutricia, the Dutch producer of infant milk and clinical nutrition products. The stake has a market value of pounds 329m and will be sold to institutional investors rather than a single buyer. It will erase Unigate's pounds 134m of debts and give the company the firepower to fund further acquisitions in its core food and distribution businesses.

Investment Column, page 26

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