Findus Group has held talks with its lenders in a bid to free up funds for a renewed growth push.

The company has asked its lending banks – which include JP Morgan and Lloyds – to ease the terms of its debt so it can expand.

Press reports over the weekend suggested the business, which is controlled by Lion Capital, was bidding to put together a billion-pound war-chest to fund acquisitions.

Speaking to thegrocer.co.uk, a spokesman for the company insisted that its primary focus would be on organic growth. But he conceded that “opportunities” to bolt on new business through acquisitions would also be considered.

Findus recently underwent a re-brand in the UK, bringing its businesses under the Young’s Seafood banner.

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