Download full report with analyst certification and important disclosures
May 15 2025, 09:37 IST/BST
Greencore Group
Bakkavor acquisition – significant value potential
- Sectors : Foods
- Companies : Greencore Group
DAVY VIEW
Greencore has finalised its agreement to acquire Bakkavor, and there are no meaningful changes to transaction details. Greencore expects to deliver at least £80m in cost synergies by the end of year 3 following the completion of the acquisition, which is expected to finalise in FY26. Based on our initial pro-forma analysis, we anticipate c.20%+ EPS accretion from FY27; this broadly aligns with Greencore’s expectation of significant EPS accretion over the medium term.
