Shares in bakery group plunge after 5% stake disposal

SHARES in Irish-Swiss bakery group Aryzta plummeted nearly 11% yesterday after one of its main independent shareholders disposed of its 5% stake in the business.

Lion Capital — a leading international investment firm with offices in London and New York and a primary focus on the convenience food sector — announced the off-loading of its entire 5% stake in Aryzta, through Swiss bank Credit Suisse.

The stakeholding was about four million shares.