Uniq trustees take majority share holding after 18-month negotiation

Jenna Towler
clock

Uniq has finally reached agreement with trustees in its long-running deficit for equity negotiations, which will see the scheme take control of 90.2% of the firm's shares.

The chilled food manufacturer also agreed to make a one-off £14m additional cash payment to release it from the scheme's £436m deficit - which dwarfs the firm's market capitalisation of about £6m. ...

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

Join now

 

Already a Professional Pensions
member?

Login

Trustpilot