UK convenience group Uniq has sold its Dutch businesses to Gilde Equity Management for an enterprise value of GBP18m (US$26.8m). The divestment furthers Uniq's goal to become a UK-focused business. The company previously sold its other continental operations in France, Germany and Poland. The deal is subject to shareholder, works council and competition approvals.

Proceeds from the sale, which will total approximately GBP2m after costs, will be used to reduce debt, address the group's pension deficit and for reinvestment in the business.

Uniq's Netherlands businesses, which include the Johma salad brand and Meal Solutions sandwich unit, reported an operating loss of EUR0.5m for the year to 31 December.

source: just-food.com