Uniq has sold its businesses in the Netherlands to Benelux investment group Gilde Equity Management for €20m (£18m).

The convenience foods group said the deal, which is subject to consultation with the Works Council, would be used to eliminate group net debt and to “shape the long term future of Uniq”.

The move follows the sale of Uniq’s German and Polish businesses to IFR Capital last week for £25.7m.

“This potential outcome would deliver a very satisfactory result from the strategic refocusing programme we announced in March, allowing us to concentrate our resources on addressing the UK pension issue and building a stronger UK-focused business,” said Uniq chief executive Geoff Eaton.

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Uniq sells German arm to ease debt (12 November 2009)
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Uniq eyes Euro sell-off after £12.5m loss (1 August 2009)