Boparan Holdings sells poultry business for €200m
Ranjit Singh Boparan, owner of Boparan Holdings, sold it to his private investment arm.
Boparan Holdings Limited has sold its European Poultry business to the Boparan Private Office.
Both businesses are owned by British businessman Ranjit Singh Boparan.
The sale, worth £168.6m (€200m), will be used to lower BHL’s subsidiary 2 Sisters Food Group’s debt at what the company calls its ‘lowest point in over a decade’. It also activates radical plans for its ‘next generation’ investment programme.
The group also said that this means the European poultry business, under the BPO, will have a dedicated regional focus on its European markets.
The deal is subject to Polish anti-trust approval with an anticipated completion date later in September 2024.
Boparan Holdings is also the parent company of Boparan Restaurant Group which owns restaurant brands. Most recently, it owns the franchise license for Carl’s Jr in the UK.
€1 = £0.84
