Nomad Holdings to buy UK frozen foods maker Iglo for $2.8 billion

April 20, 2015 1:47 PM

71 0

Nomad Holdings to buy UK frozen foods maker Iglo for $2.8 billion

(Reuters) - Nomad Holdings Ltd (NHL.L) said it would buy Iglo Foods Holdings Ltd, Europe's biggest frozen foods business and the company behind the Birds Eye brand, for about 2.6 billion euros ($2.8 billion) from a company backed by private equity group Permira.

The deal is expected to be funded through a combination of Nomad's cash on hand, equity, and the proceeds from a private placement to raise about $750 million, Nomad Holding, an acquisition company formed in April 2014, said on Monday.

Also read: UPDATE 1-Industrial equipment hire firm Ashtead hikes annual results forecast

Read more

To category page

Loading...