Uniq trustees may sell firm

Steve Dinneen
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Chilled sandwich-maker Uniq could be put up for sale today by its pension trustees, who recently took control of the embattled firm.

In February Uniq agreed to cede 90 per cent of its shares to its pension scheme in order to escape the burden of the size of the pension fund which is larger than its market cap.

Its shares begin trading on Aim this morning.

It is understood the company has hired Spayne Lindsay, the food and drinks specialist, to advise it on the sale.

Uniq suffered an incredible fall from grace, going from the UK’s biggest dairy supplier to a firm with a value of just £6m and struggling to shoulder the weight of its yawning pension deficit. According to Sky News, Spayne Lindsay, will try to sell the company to a trade or private equity buyer and offload the pension deficit to a specialist insurance firm.