GE Capital Provides Hovis with EUR 99 Million for Expansion
GE Capital has provided GBP 80 million pound (USD 135 million/EUR 98,9 million) in financing to help British bakery company Hovis to fund its expansion, Reuters reports.
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The announcement regarding the financing towards Hovis’expansion came from the lender on Friday, May 23.
Hovis is owned by The Gores Group and Premier Foods, and is in the process of reinvigorating its brand and developing new products. ($1 = 0.5931 British Pounds) (Reporting by Martinne Geller in London; Editing by David Goodman – Reuters)