HFG has announced an initial 6-9 month co-operation agreement with Sonae’s Modelo Continente Hipermercados (MC), Portugal’s leading food retailer, with the expectation of the formation of a JV in due course. This important initiative; (1) demonstrates HFG’s further delivery against a key stated element of its growth strategy, namely exploring growth opportunities in overseas markets; (2) adds further international diversification to HFG at a time of heightened, Brexit-induce

06 Jul 2016
Panmure Morning Note 06-07-2016

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Panmure Morning Note 06-07-2016
Hilton Food Group plc (HFG:LON) | 834 8.3 0.1% | Mkt Cap: 750.3m
- Published:
06 Jul 2016 -
Author:
Peter Smedley -
Pages:
3 -
HFG has announced an initial 6-9 month co-operation agreement with Sonae’s Modelo Continente Hipermercados (MC), Portugal’s leading food retailer, with the expectation of the formation of a JV in due course. This important initiative; (1) demonstrates HFG’s further delivery against a key stated element of its growth strategy, namely exploring growth opportunities in overseas markets; (2) adds further international diversification to HFG at a time of heightened, Brexit-induce