date:May 21, 2012
proposal to sell is confirmed by shareholders on July 3. If approved, the firm would expect the sale to be complete in 2013, she added.
Period of uncertainty
Gerard Hoetmer chief executive of CSM said that employees in the companys bakery arm will face a period of uncertainty as the plan to sell is confirmed and finalised.
Hoetmer added: While Bakery Supplies is a well-run business with excellent market positions, its value and prospects would be enhanced under different ownership.
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