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Jan 4 (Reuters) - Hilton Food Group Plc HFG.L:
* Hilton to form joint venture with Portugal's leading food retailer
* Announce signing of a 50/50 JV agreement with Sonae (LS:YSO) Modelo Continente for supply of range of packaged beef, lamb, veal and pork products to sonae stores in Portugal
* Hilton will work alongside sonae to redevelop production facilities of its packing and sourcing subsidiary Sonae Centro Processamento Carnes
* Joint venture will be named SOHI Meat Solutions Redevelopment of production facility is expected to be completed by end of Q2 2017
* Facility will require an initial investment of 22 million euros, financed principally by joint venture partners.
* Hilton's share of investment will be financed primarily by debt Board expects new facility to be earnings enhancing in 2017.
Source text for Eikon: company coverage: HFG.L
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