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UK food group Greencore increases bid for rival Bakkavor, Bloomberg News reports

Published by Global Banking & Finance Review

Posted on March 25, 2025

1 min read

· Last updated: January 24, 2026

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UK food group Greencore increases bid for rival Bakkavor, Bloomberg News reports
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(Reuters) - British convenience food manufacturer Greencore has increased its bid for rival Bakkavor Group, Bloomberg News reported on Tuesday, citing sources. Bakkavor, which operates in Britain,

Greencore Ups Bid for Rival Bakkavor in Takeover Effort

(Reuters) - British convenience food manufacturer Greencore has increased its bid for rival Bakkavor Group, Bloomberg News reported on Tuesday, citing sources.

Bakkavor, which operates in Britain, China and the United States, has been considering the enhanced proposal, the report added.

Greencore and Bakkavor declined to comment to Reuters' requests.

Bakkavor rejected two takeover bids from Greencore this month, with the latest cash-and-stock offer valued at 189 pence per share, including a planned dividend. The bid would have valued Bakkavor at 1.14 billion pounds ($1.48 billion).

($1 = 0.7720 pounds)

(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Alan Barona)

Key Takeaways

  • Greencore raises its bid for Bakkavor.
  • Bakkavor operates in the UK, China, and the US.
  • The new offer values Bakkavor at £1.14 billion.
  • Bakkavor has rejected two previous bids.
  • Both companies declined to comment on the offer.

Frequently Asked Questions

What is the main topic?
The main topic is Greencore's increased bid for Bakkavor, valuing the company at £1.14 billion amid takeover discussions.
What companies are involved?
The companies involved are Greencore and Bakkavor, both operating in the convenience food sector.
What is the value of the bid?
The latest bid values Bakkavor at £1.14 billion, with a cash-and-stock offer of 189 pence per share.

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