€120m Greencore Malt deal stalls

THE sale of Greencore Malt to the Soufflet group of France has stalled and the €120 million deal isunderstood to have collapsed.

Greencore, the convenience food group with major operations in Britain and Europe and an expanding business in the US was hoping to sell the malting business this year to give it a clear focus on its core convenience food business.

In recent months Groupe Soufflet of France emerged as the main contender to buy the business.