Mauritian firm ups stake in Real Good Food

Mauritius outfit Omincane is to increase its stake in theReal Good Food Company (RGFC), which owns a portfolio of sugar, bakery and patisserie firms.

Mauritius outfit Omincane is to increase its stake in theReal Good Food Company (RGFC), which owns a portfolio of sugar, bakery and patisserie firms.

Omincane is paying 60p a share, a 9.1% premium to the closing price of RGFC on the trading day before the announcement, to increase its holding in the UK company to 20%, in a deal that will net RGFC £2.4m in funds. The proceeds will be used to reduce RGFC's borrowings.

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