UPDATE 1-Nestle nears sale of frozen food unit to Brakes

April 14, 2015 10:15 AM

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LONDON, April 14 (Reuters) - Nestle is in advanced talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund Bain Capital, a person familiar with the situation said on Tuesday.

The talks, reported earlier by French daily Les Echos, are ongoing and a deal is expected to be signed soon, said the person, who asked not to be named because the discussions are private.

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