Northern Foods trustees reach deficit deal paving way for Boparan deal

clock

Northern Foods has recommended a takeover bid from Boparan Holdings after its scheme trustees agreed a deal over the fund's £142m deficit.

The pensions shortfall had been seen as a stumbling block to its bid after rivals, and previously preferred bidders, Greencore pledged to pay down the deficit. However, a deal was struck on Frid...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Understanding Pension Captives

Partner Insight: Understanding Pension Captives

AON
clock 14 August 2025 • 1 min read
Partner Insight: Navigating credit allocations for buy-in - why Getting it right matters now

Partner Insight: Navigating credit allocations for buy-in - why Getting it right matters now

Lucy Barron, Investment Partner, Aon
clock 13 August 2025 • 3 min read
PPF 7800 funding position up £10.6bn this month

PPF 7800 funding position up £10.6bn this month

Funding ratio rises to 127.7% on a section 179 basis after long-dated bond yields increased

Jasmine Urquhart
clock 12 August 2025 • 2 min read
Trustpilot