euro adhoc: Valora Holding AG / other / Valora successfully concludes negotiation of contract to sell Gillebagaren AB to Continental Bakeries

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Company Information

09.06.2008

. Divestiture of the Group's 4th, and largest, production company in
first half of 2008 . Acquisition represents a good industrial fit
with Continental Bakeries existing portfolio . Gillebagaren AB's
business activities to be developed further

Having recently successfully completed the sale of three of its
production companies - Roland Murten AG, Kägi Söhne AG and Cansimag
France SA - Valora has now signed very successfully a contract for
the sale of its Swedish subsidiary, Gillebagaren AB. The purchaser is
Continental Bakeries B.V., one of the leading private label biscuit
manufacturers in Europe, with annual turnover of E 250 million. The
contract covers the sale of 100% of the share capital of Gillebagaren
AB. Continental Bakeries B.V. intends to continue Gillebagaren's
current production activities and to develop them further. The firm's
employees will remain employed on the same terms as hitherto.

Both parties have agreed not to disclose the sale price. The sale
will be finalised once the Bundeskartellamt, the German Federal
authority regulating competition issues, has approved the
transaction. Negotiations regarding the sale of the highly successful
production company Sørlandschips A/S in Norway are currently under
way.

This means that Valora's planned divestiture of its Own Brands units
is now nearly complete and the Group has thus now successfully
focused its energies on its core Retail, Media and Trade Distribution
divisions. When Valora's new CEO, Dr. Thomas Vollmoeller, takes up
his duties on June 16, he will thus be able to concentrate his full
attention on developing the Group's core activities. Kaspar Niklaus
will take up the reins at Valora's Retail division on June 23, after
which the firm's Group Executive Management team will again be
complete.

end of announcement euro adhoc
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ots Originaltext: Valora Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Valora: Tel: +41 58 789 12 01

Stefania Misteli E-mail: stefania.misteli@valora.com

Continental Bakeries: Tel: +31 786537-601

Ruud van Henten, CEO E-mail: ruud.van.henten@continentalbakeries.com

Branche: Retail
ISIN: CH0002088976
WKN: 208897
Börsen: SWX Swiss Exchange / official market
BX Berne eXchange / official dealing