Neuhaus: management buy-out of Union BV

Neuhaus SA announced a management buy-out by Peter Samyn, the general manager of its Dutch subsidiary Cacao en Chocoladefabriek Union BV that produces and markets napolitains and chocolate bars, in order to focus on its core business. Under the deal, Neuhaus acquires 20% in the new company, Union Edel Chocolade BV, which will not be included in its consolidated financial statements.