UK - Doughty Hanson to sell off remaining stake in RHM
After floating RHM last year, Doughty Hanson is to realise its remaining 26.6% stake in the business.
Shares in RHM fell by 6% following the announcement of the sale. The group, which owns the Hovis and Mr Kipling brands, has had mixed fortunes in the last year, with the cake business widely accepted to be in decline and the bread market performing well with Hovis's share of the wrapped bread market climbing to 31.6%.
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