Uniq removes pensions buyout obstacle

Uniq, the UK food company whose pensions deficit was an impediment to a buyout by Duke Street Capital in 2005, could be back in play after resolving the problem with its retirement scheme.

The company has paid £84.5m (€125m) raised from the sale of its French and Belgian subsidiaries into a secure bank account, offering a guarantee for the underfunded scheme that has a deficit of £107m.

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