Uniq Sells German And Polish units

UK-based food group Uniq has agreed to sell its German and Polish units to IFR Capital, an investment vehicle listed on the London AIM exchange. In exchange for the assets IFR will pay EUR28.5mn in cash and assume pension liabilities valued at EUR12.3mn. The move follows shortly after the firm sold its French frozen and chilled prepared food business Marie to French poultry group LDC and comes after Uniq revealed it was looking to refocus on its home market. The company will use the proceeds to pay down debt, address its pension deficit and invest in its other

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