		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/tycoon-looking-at-northern-books.jpg"><img class="alignnone size-full" title="The owner of the Fishworks restaurant chain, Ranjit Boparan, is looking at the books of Northern Foods" src="http://londonglossy.com/wp-content/uploads/2010/12/min-tycoon-looking-at-northern-books.jpg" alt="The owner of the Fishworks restaurant chain, Ranjit Boparan, is looking at the books of Northern Foods"/></a></p>
<p>Goodfella&#8217;s pizza and Fox&#8217;s biscuit firm Northern Foods has confirmed West Midlands tycoon Ranjit Boparan has requested access to its books amid speculation he is planning a £300 million bid.</p>
<p>Mr Boparan &#8211; one of Tesco&#8217;s biggest chicken suppliers and owner of the Harry Ramsden&#8217;s and FishWorks chains &#8211; is now going through Northern&#8217;s financials after asking for access in a letter last Friday.</p>
<p>But Northern said he had not yet revealed his intentions or indicated any potential offer price.</p>
<p>It is thought Mr Boparan is considering gatecrashing Northern&#8217;s agreed all-share merger with Irish chilled foods firm Greencore, which is the UK&#8217;s biggest sandwich maker.</p>
<p>The deal is due to create a new firm called Essenta with combined annual sales of £1.7 billion.</p>
<p>Mr Boparan has been building up his stake in Northern since the Greencore merger was announced in mid-November, from less than 3% to a 6.6% shareholding.</p>
<p>The entrepreneur now has access to the same financial information offered to Greencore, as is allowed under City takeover rules.</p>
<p>Mr Boparan made his name through chicken processor Two Sisters Food Group, but has expanded his empire through acquisition in recent years, snapping up fish and chip group Harry Ramsden&#8217;s in January after buying the FishWorks restaurant firm out of administration a year earlier.</p>
<p>Northern and Greencore today maintained confidence in their proposed merger despite the interest from Mr Boparan.</p>
<p>Shareholders of both firms are due to vote on the deal on January 31.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-69e188b19fb7f">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-69e188b19fb7f',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
