On June 19, Greenyard Foods holds a special meeting of shareholders. Main point on the agenda is the planned merger with Univeg and Peatinvest. Leading up to the meeting, Greenyard Foods published a number of documents providing insight into the merger and the companies. Together, the merged group is worth more than 900 million Euro, taking into account a synergy potential of over 150 million Euro. The shares are valued at 21.7 Euro on top of the current 17.7 Euro rate.
The valuation of over 900 million Euro, including a synergy potential of more than 150 million Euro, is well above the valuation of the separate companies. Greenyard Foods is valued at 322 million Euro. Fieldlink, the parent company of Univeg, is valued at 375.6 million Euro, and Peatinvest at 60 million Euro.
The published annual accounts offer a look into the financial achievements of the parties involved in recent years. Univeg, by far the biggest party in this merger with a revenue of over 3.2 billion Euro, ended the past years in the black. In 2013, the company made a profit of over 16.2 million. Last year, Univeg had a net profit of over 17 million. Peatinvest, with a revenue of 66 million in 2014, is the smallest party when it comes to revenue. In 2014, the company made a profit of over 4.3 million Euro. Takeover candidate Greenyard Foods achieved a revenue of 623.1 million Euro and a 61.7 million Euro profit in the 2013/2014 financial year.
