date:Mar 14, 2012
0m.
According to Dairy Crest, proceeds from any sale could be used to reduce the group's debt, which would cut its interest costs and increase its attractiveness to investors who harbour concerns over the level of debt within the business, which currently stands at 2.4 x net debt to EBITDA.
The company said that it could also release some proceeds to shareholders. This would likely come in the form of a special dividend or share buyback programme.
Dairy Crest also indicated that it would use som