What's Cooking Group communicates that it has started a process to explore strategic options - including the potential sale of the Strategic Business Unit Savoury
What's Cooking Group NV (What's Cooking?), leading European fresh food group with a wide range of savoury cold cuts and prepared meals, communicates that it has started a process to explore strategic options and maximize shareholder value. As part of this process, preliminary discussions have begun on the possible sale of 100% of the share capital of What's Cooking Savoury Belgium NV and its Savoury subsidiaries in Belgium, the Netherlands, France, UK and Germany that produce, slice and sell savoury cold cuts.
The Strategic Business Unit Savoury represents EUR 464 million of the EUR 832 million consolidated turnover of What's Cooking? for the financial year 2023.
To date, no commitment has been made and no terms of a possible transaction are known. At this stage, it is also uncertain whether a transaction will happen, as well as if it would go ahead on what terms.
What's Cooking? will communicate in accordance with legal obligations when further information is available on this matter.
Z dumą prezentujemy nasz zupełnie nowy Zintegrowany Raport Roczny 2024 – przejrzyste podsumowanie wszystkiego, co udało nam się osiągnąć w What’s Cooking? w minionym roku, w tym nasze ambicje w zakresie zrównoważonego rozwoju oraz wyniki związane z CSRD.
What’s Cooking? finalizes the acquisition of Sveltic, a producer of fresh and frozen ready meals located near Rennes (FR). What’s Cooking? finalized the acquisition of 100% of the share capital of Sveltic, formerly part of the ‘Mousquetaires’ group (Intermarché and Netto retail stores) with production location close to Rennes. Sveltic has a turnover of approximately EUR 55 million and realized a normalized EBITDA of approximately EUR 4 million in 2024. Sveltic produces a wide range of fresh and frozen ready meals complementary to the product range of What’s Cooking? and fully aligned with the growth strategy of What’s Cooking?
What's Cooking? inaugurates a new sustainable water recycling plant in Wommelgem and aims to reduce its water footprint per kg of product sold by 30% by 2030.
