Aryzta (XSWX:ARYN, Financial) ~6%, times of change
In September, a group of investors requested to change the Chairman and some members of the Board of Directors becau-se we thought that no value was being generated for the share-holder. Most shareholders accepted our proposal. The new management team's main mandate is to analyse the alternati-ves it has on the table to maximise the value for shareholders, either accepting an offer for the whole company or for a part of it. We think this change is a turning point in the history of Aryzta.
From Francisco Garcis Parames' Cobas Funds third-quarter 2020 commentary.
