Greencore’s planned merger in turmoil

GREENCORE’S planned merger with Northern Foods was in turmoil yesterday following reports of a £300m (€355m) bid for the makers of Goodfellas pizzas.

Northern has confirmed it has had an approach by Boparan, an investment vehicle for British chilled-food manufacturer Ranjit Singh Borparan who already holds a 6.6% stake in the group.

British newspaper reports yesterday suggested the Indian tycoon is looking at a £300m bid for Northern Foods.