date:Aug 30, 2012
In July 2012, Dairy Crest entered into an agreement to divest its French branded spreads business St Hubert, as part of a plan to strengthen its core UK dairy operations.
Following this, the company received approval from the shareholders and also received clearance for the proposed disposal from the French Anti-Trust Authority (Autorit de la Concurrence)..
With the divestment, Dairy Crest plans to reduce its net debt, which stood at 336m on 31 March 2012, and focus on UK dairy operations by dev