Greencore management buyout may be a possibility, says British analyst

A MANAGEMENT buyout of Irish-owned food group Greencore is looking an increasingly likely possibility, according to one British-based market analyst.

Clive Black, an analyst with British-based stockbrokers Shore Capital, now believes that recent market speculation about a mystery bidder for Greencore, the former owner of Irish Sugar, may have been off the mark.

Earlier this week, market speculation once again suggested that Indian food magnate Ranjit Boparan was Greencore’s mystery suitor. However, Shore Capital and other British analysts are now saying that Boparan’s focus is unlikely to shift from other pressing concerns.