Greencore Advances Bakkavor Takeover With FCA-Approved Share Prospectus

The latest update is out from Greencore ( (GB:GNC) ).

Greencore Group has published a prospectus approved by the UK Financial Conduct Authority for the issue of new Greencore shares to Bakkavor shareholders, a key step in its recommended acquisition of Bakkavor Group. Under the agreed terms, Bakkavor investors will receive a mix of new Greencore shares, cash and a contingent value right, with up to 361.9 million new Greencore shares to be admitted to trading on the London Stock Exchange’s main market, expected from 19 January 2026, subject to court sanction of the scheme and other conditions. Bakkavor’s listing is slated to be cancelled on the same date, consolidating the combined group under Greencore’s London listing, while two Bakkavor directors, Mike Edwards and Lee Miley, are now expected to remain on the Bakkavor board for agreed periods after completion, signalling a measure of continuity in governance during the integration phase.

The most recent analyst rating on (GB:GNC) stock is a Buy with a £266.00 price target. To see the full list of analyst forecasts on Greencore stock, see the GB:GNC Stock Forecast page.

Spark’s Take on GB:GNC Stock

According to Spark, TipRanks’ AI Analyst, GB:GNC is a Outperform.

Greencore’s overall stock score is driven by its strong earnings call performance, indicating robust profitability and strategic growth initiatives. Financial performance is solid, with stable revenue growth and profitability margins. Technical analysis shows moderate bullish momentum, while valuation suggests the stock is fairly priced. The absence of significant corporate events further supports a stable outlook.

To see Spark’s full report on GB:GNC stock, click here.

More about Greencore

Greencore Group is a UK-listed food manufacturer and convenience foods specialist, focused on producing chilled ready meals, food-to-go products and other prepared foods for major retailers and foodservice customers. The group operates primarily in the UK and Irish markets, where it supplies own-label products and seeks growth through scale, operational efficiency and portfolio expansion within the fresh prepared foods sector.

Average Trading Volume: 1,647,041

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.07B

See more data about GNC stock on TipRanks’ Stock Analysis page.