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Greencore Expects Uniq Tax Windfall, Sunday Business Post Says

Dec. 11 (Bloomberg) -- Greencore Group Plc’s purchase of British food company Uniq Plc may benefit shareholders by as much as 50 million pounds ($78 million) over time, the Sunday Business Post said, citing an interview with Chief Executive Officer Patrick Coveney.

Tax losses at Uniq, which Dublin-based Greencore acquired in September, may mean the Irish food company will pay minimal tax on its main earnings for five to 10 years, the newspaper said, citing Coveney.

To contact the reporters on this story: Finbarr Flynn in Dublin at fflynn3@bloomberg.net;

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

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