date:Jul 03, 2012
received a binding offer for St Hubert of 430m from Paris-based Montagu Private Equity.
Dairy Crest purchased St Hubert in January 2007 for around 250m with the intention of building on the segment through a series of European acquisitions.
No acquisitions were forthcoming, and Dairy Crest decided that there would be greater value in its disposal.
When pressed on whether the Seedburstdevelopment was part of a pre-emptiveeffort to rebuild its spreads businessfollowing the St Hubert sale, Dairy