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The group expects the transaction to close early in the first quarter of 2021.

Aryzta agrees sale of remaining Picard stake

Irish-Swiss bakery firm Aryzta has said it has reached agreement with Lion Capital and Invest Group Zouari to sell its remaining 4.64% interest in French frozen foods group Picard for €24m.

Business • 04 Jan 21

The maker of McDonald's hamburger buns today posted a reduced full-year loss of €29m

Aryzta expects earnings growth to improve in 2020

Swiss and Dublin listed food group Aryzta has said it expects underlying core earnings growth to improve in 2020.

Business • 08 Oct 19

Aryzta is selling the majority of its holding in the French frozen foods group Picard

Aryzta sells off majority of Picard stake

Shares in Swiss and Dublin listed food group Aryzta rose this morning after it said it was offloading the majority of its holding in the French frozen foods group Picard.

Business • 04 Oct 19

Aryzta's shares are down by two-thirds this year and more than 85% since 2014

Aryzta shareholder opposes €800m capital increase

Cuisine de France owner Aryzta's plan to raise €800m in new capital is excessive, the company's biggest shareholder said today, adding it would present less-dilutive alternatives soon.

Business • 01 Oct 18

Kevin Toland took up the CEO job at the baked goods group earlier this month

Aryzta's full year revenues down on US weakness

Irish-Swiss food company Aryzta is shifting its focus back to just supplying businesses and ditching its foray into retailing after reporting a record billion dollar annual loss.

Business • 26 Sep 17

Aryzta has not confirmed or denied moves to sell its stake in France's Picard Group

Aryzta 'notes' recent share price movements

Swiss based and Dublin listed food group Aryzta has issued a statement responding to recent share price movements and speculation around its 49% stake in the French food group, Picard.

Business • 08 May 17

Aryzta CEO Owen Killian is to step down later this year after profit warnings

Aryzta shares soar as CEO Killian set to step down

Shares in baked goods group Aryzta closed 11.3% higher in Dublin trade today after its chief executive Owen Killian announced his resignation from the role.

Business • 14 Feb 17