Centaur to explore possible sale of non-core assets

In a trading update Centaur announced that their board had reviewed the groups dstructure.

It said: In recent months, Centaur has received approaches for a number of its assets from potential trade and private equity buyers who recognise the intrinsic value in these businesses, which operate in fast-changing market segments and where leading brands can fetch attractive valuations. The Board believes this value is not reflected in Centaur’s current share price.

Following a strategic review, the Board has decided to accelerate the simplification of the group’s structure by exploring the divestment of select businesses. The Board believes that making the group less complex will deliver operational benefits, generate central cost savings and help to focus attention on the leading brands within the marketing division.

For the full RNS click here