Total Produce confirms target

The international marketing magazine for fresh produce buyers in Europe
Carl Collen


Total Produce confirms target

Groups says it remains unchanged on its adjusted earnings per share target of €0.080-€0.088

Total Produce confirms target

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Total Produce, one of Europe's leading fresh produce companies, has confirmed today (22 May) that its previously announced target adjusted earnings per share, in the range of €0.080-€0.088, remains unchanged.

In the target announcement, the group outlined the fact that since the end of the previous year, it had concluded an agreement to acquire a 65 per cent sharehoding in North American marketer the Oppenheimer Group, in two stages over five years.

The acquisition of a 35 per cent shareholding in Oppenheimer was made in January 2013 for an initial cash payment of €11.4m.

In addition, the group completed the sale of its 25.3 per cent share in Capespan Group Limited to Zeder Financial Services in April, for a cash consideration of €22m.

"Total Produce continues to pursue attractive acquisition opportunities to further expand the group," a group statement read.


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