Swiss-Irish baked goods group Aryzta has announced plans to sell off its stake in agri-services firm Origin Enterprises. 

In a statement to the Irish stock exchange after yesterday's close, Aryzta said that it will sell over 36 million ordinary shares in Origin Enterprises, which represents about 29% of its ordinary share capital.

Earlier this week, Origin reported operating profits of €93m for the year to the end of July on revenues of €1.46 billion. 

It also warned that poor conditions in the farming sector worldwide would affect demand in future.