Fleury Michon, a well-known family-owned French food company, announced that it has entered into exclusive negotiations to sell its shares in the joint venture Platos Tradicionales. Established in 2006, Platos Tradicionales has been manufacturing and distributing prepared meals in Spain. Fleury Michon is set to sell its stake to its longstanding partner, Familia Martinez. The announcement was made on May 24, 2024, with further updates expected on September 10, 2024. Fleury Michon remains a prominent player in the food industry, listed on Euronext Growth Paris.
Food Manufacturing, Private Equity & Venture Capital,France, Spain
https://www.globenewswire.com/news-release/2024/05/24/2888105/0/fr/FLEURY-MICHON-Annonce-d-entr%C3%A9e-en-n%C3%A9gociation-exclusive-pour-la-cession-de-Platos-Tradicionales.html