Repayment to strengthen Albert Fisher?

03 May 1999

Repayment to strengthen Albert Fisher?

ALBERT Fisher, the heavily indebted food group, is expected to announce it has repaid $30m (18.6m) of loan-notes owed by its US associate FreshPoint Holdings.

This will add to the 53m already raised through disposals, which Fisher is using to repay debt which stood at 147m in its balance sheet on 31 August last year.

Further disposals are pending and the total figure raised is expected to exceed the 100m figure set by Terry Robinson, who became chief executive in October.