date:Aug 29, 2012
include the out-of-home business in Australia, or the companys Asia Pacific fats and oils business.
According to the statement, Goodman Fielder expects to book an estimated profit on the sale of AU$25m before tax. Net proceeds of the sale of approximately AU$165m will be used primarily to reduce debt and further strengthen its balance sheet.
Cost cutting and more
Chris Delaney, CEO at Goodman Fielder, said that the transaction was consistent with the companys new strategy to optimise its curr