Full coverage: Aryzta

When the Swiss-Irish baking giant was formed 13 years ago, Urs Jordi missed out on the top job. By delivering on his promise to get out of the US, he seeks to get a clean slate – and turn back the clock.

Aryzta’s new chairman and interim CEO Urs Jordi has resisted an offer by the US hedge fund Elliott to buy out the Swiss-Irish baking multinational, and his shareholders have just rewarded him with a 92% re-election vote. Here is what he plans to do next.

By unveiling a conditional €730m bid for the Irish-Swiss baked goods manufacturer, New York billionaire Paul Singer’s firm has triggered a chain of events that has already claimed its CEO. Three weeks from a crucial AGM, this is hardly the end of it.

All Irish board members have left the board of the frozen baked goods group following an EGM that saw dissident shareholders put an end to Gary McGann’s chairmanship of the company this Wednesday.

The Swiss-Irish baked goods multinational is now in takeover negotiations with Elliott Management, a $41 billion New York investment firm. How does this play into today's EGM called by disgruntled shareholders, where Chairman Gary McGann's chosen successor has just withdrawn his candidacy?

An EGM requested in May by disgruntled shareholders of the global bakery manufacturer will not take place until mid-September. If Aryzta can be sold, its chairman Gary McGann, an experienced boardroom veteran, has given himself as much time as he could to make the deal and exit with his head high – if not, he has promised to bow out.

Activist shareholders intent on taking over the Swiss-Irish food company’s board have strong candidates and a pessimistic reading of its accounts. Can they bring other investors along?

Gregor Greber, co-founder of Swiss investment firm Veraison, speaks exclusively to The Currency as he joins forces with disgruntled shareholders to remove all Irish directors from Aryzta’s board.

The “Spanish Warren Buffett” sparred with Aryzta Chairman Gary McGann at the Irish-Swiss food giant’s 2018 AGM and narrowly lost an €800 million shareholder vote. Francisco Paramés is on the attack again with a new ally – and little left to lose on his Aryzta investment.

Stock exchange disclosures reveal that asset manager Veraison has bought more than 7 per cent of the embattled industrial baker. Who are the Zurich-based investors picking up the cheap stock of the group behind the Cuisine de France brand?