Premier Foods says in talks with investors

An undated image courtesy of Premier Foods. REUTERS/Handout

LONDON (Reuters) - Premier Foods PFD.L confirmed on Monday that it is in talks with its investors and other parties regarding a possible investment in the company.

The company, owner of brands such as Hovis bread, Mr Kipling cakes and Bisto gravy, said that the discussions are in early stages and part of a review of the group’s options to reduce its debt.

“Premier has made no decisions regarding the size or structure of the options, but will give full consideration to the rights of its existing shareholders in any decision,” Premier said in a statement.

The statement followed reports in the Sunday papers that the company may seek up to 700 million pounds from investment banks and private equity groups.

Reporting by Lorraine Turner;Editing by Rosalba O’Brien