Nomad Foods Limited enters into Binding Offer to acquire the Continental European Findus Group Businesses for GBP 500 million

Nomad Foods Limited (“Nomad”) announced today that it has entered into an option agreement with LionGem Sweden 1 AB (the “Seller”) under which Nomad or one of its subsidiaries shall be obliged at the option of the Seller to acquire Findus Sverige AB and its subsidiaries for approximately GBP 500 million.

Through this transaction Nomad will acquire Findus Group´s continental European businesses in Sweden, Norway, Finland, Denmark, France, Spain and Belgium. Nomad expects the Seller to exercise the option – following completion of works council consultations – in the fourth quarter of 2015, after which the parties will enter into a definitive sale and purchase agreement.