Raisio’s growth phase is proceeding according to plan when the acquisition of British snack foods manufacturer Glisten plc came into force on 8 April 2010 after the completion of related legal conditions. Glisten has filed an application for cancellation of the admission to trading of Glisten Shares on the AIM market of the London Stock Exchange effective from 9:00 a.m. Finnish time on 9 April 2010.
In March Glisten’s shareholders approved, by the majority of 98 per cent, Raisio’s cash offer of EUR 1.61 (GBP 1.40) per share. Raisio will pay EUR 22.8 million (GBP 19.8 million) for the entire issued share capital of Glisten and undertake the company’s interest-bearing net debt. The consideration due to Glisten’s shareholders will be paid no later than 22 April 2010.

After the completion of the acquisition, Glisten Ltd is owned by Raisio UK Ltd, of which Raisio plc owns 85 per cent and Glisten’s senior management 15 per cent. Furthermore, Glisten’s Chief Executive, MBA Paul...