Bakkavor relinquished its 10.9 percent economic interest under a contract for difference at a price of €1.30 ($1.76) per ordinary share.
Agust Gudmundsson, CEO of Bakkavor Group, attributed the move to "turmoil and fluctuations in the global financial markets," but added the withdrawal "is in no way a reflection of the financial standing of the group."
"Bakkavor is a cash generative business with strong fundamentals and remains totally committed to the fresh prepared foods sector in the UK and internationally. Our business philosophy remains unchanged," he said.
Bakkavor
