Fleury Michon negotiates the sale of its shares held in Platos Tradicionales – 05/27/2024 at 10:06


(AOF) – Fleury Michon has entered into exclusive negotiations with the Martinez group, its long-time partner in Spain, to sell its shares in the Platos Tradicionales joint venture. This company, born in 2006, has been manufacturing and distributing ready-made meals in Spain since then.

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Soaring energy prices and a call for help

In the past, energy represented a fixed cost of 3% of turnover. This year, this percentage rises to 5% or even 7% for VSE-SMEs, according to Ania (National Association of Food Industries. Professionals are very worried because until the end of 2022 they generally benefit from coverage to cushion these increases. However, they are not renewed for 2023 and beyond. Consequently, 25 of the main inter-professional organizations (Intercéales, Inaporc, Semae, etc.) are calling on the State for help in the face of the erosion of their margins and their capacity to operate. investment.

The State has proposed several devices, including an “electricity shock absorber”, which are considered insufficient. The organizations also deplore the failure of European negotiations to achieve a price shield to avoid distortions of competition. Agriculture and agri-food demand a maximum ceiling price of €180/MWh while many companies buy at prices above €500/MWh on the French market.



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