Icelanders hook French with €332 million

Icelands international, financial acquisition expedition continues with moves by SÃF hf. which was hoping, as we went to press, to finalise the acquisition of French food producer Labeyrie for some €332.3 million. Labeyrie Group produces retailer, chilled foods. A statement said the takeover would produce a group with a turnover of €1 billion and expected annual profits of €57.3 million based on the last 12 months results. The workforce would be 3,900 people in 11 countries.