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Premier Foods has confirmed it is in talks concerning a sale of its 49% stake in Hovis Holdings.
The FTSE 250 firm has responded to media reports and a statement from Newlat Foods, with the Italian company confirming it is interested in making a bid.
However the group has commented there can be no certainty that any transaction will conclude.
Premier Foods will provide an update in due course as appropriate.
At 1:59pm: (LON:PFD) Premier Foods PLC share price was +5.5p at 103.8p