Acquisition of Dan Cake Portugal

Biscuit International announces the proposed acquisition of Dan Cake Portugal

Biscuit International, one of Europe’s leading players in the private label tasty and healthy biscuits market, and the owners of Dan Cake Portugal, a leading producer and distributor of biscuits and cakes in Portugal and a leader in the butter cookies market, announce today that they have agreed on the heads of terms of an envisaged acquisition of Dan Cake Portugal by Biscuit International. Closing of the transaction is subject to applicable antitrust procedures.