Ireland’s competition authority CCPC has approved poultry company Scandi Standard’s acquisition of Glenhaven Foods, and no further conditions remain.
The deal is expected to close around 9 October. The acquisition gives Scandi Standard a foothold in the UK grocery market and is estimated to increase earnings per share by more than 10 percent on a pro forma basis for 2025, including effects from the rights issue and increased financing costs.
The deal was announced at the end of July.
