The proposed £1.2 billion merger between ready meal suppliers Greencore and Bakkavor has been delayed, with the deadline for a formal bid now extended to 9 May 2025. The extension was granted under the consent of the London Stock Exchange (LSE), with the possibility of further delays.
If it proceeds, the merger will create a £4 billion food company, with Greencore shareholders expected to hold 56% and Bakkavor shareholders 44% of the combined business. Both companies are major players in the ready meals and food-to-go sectors, with Greencore operating a large facility in Worksop and Bakkavor having multiple sites across the East Midlands.
There is no certainty that the deal will go through, and we will provide an update if there are any significant developments.
