Londis could face hostile BFG bid

LONDIS shareholders in Britain are considering support for a possible hostile bid by the Big Food Group for a minority stake in the mutually-owned wholesale distributor.

Such action will put further pressure on Musgrave’s €89 million bid for the group which the Londis board has backed.

Adrian Costain, deputy chairman of the Londis Shareholders Action Group (LSAG), said: “We could go hostile with BFG. It scores more highly than Musgrave under our criteria.”