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Dairy Crest to sell St Hubert to Montagu Capital for ￡344M
date:Jun 30, 2012
ill stay with the business.

For the year ended March 31, St Hubert generated EBITDA of 41.5M (48.1M) and earnings before interest and tax of 39.8M (46.1M).

Dairy Crest said the gross assets of St Hubert were 141M (169M).

The sale is subject to the approval of Dairy Crest's shareholders, the French competition authorities and financing consents. If approval is granted the sale is expected to be completed by the end of September 2012.

McNeela saw the deal as evidence of thedairy headwinds abat

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