Solum Partners-backed Garden to acquire an additional 57.73% stake in Greenyard for €220m.

Solum Partners-backed Garden, a holding company, agreed to acquire an additional 57.73% stake in Greenyard, a frozen foods packaging and selling company, for €220m. “Subject to our thorough evaluation of the prospectus to be filed and the report of the independent expert, the Board of Directors has assessed the offer and unanimously decided to support it. We, as the Board of Directors, believe that the offer is in the interest of both the company and its stakeholders. This belief is also based on the commitment of Greenyard’s major shareholders to tender their shares in the offer,” Koen Hoffman, Greenyard Chairman.