Kerry Group to sell consumer foods meat and meals business to Pilgrim's Pride
DUBLIN, June 17 (Reuters) - Irish food firm Kerry Group said on Thursday it will sell its Consumer Foods´ Meats and Meals business to U.S. poultry producer Pilgrim's Pride Corp for 819 million euros ($975 million).
"Kerry Group plc today announces that it has reached agreement to sell its Consumer Foods´ Meats and Meals business in the UK and Ireland to Pilgrim´s Pride Corporation for a cash consideration of 819 million euros subject to routine closing adjustments," the statement said. ($1 = 0.8402 euros) (Reporting by Conor Humphries; Editing by Leslie Adler)
