UPDATE 1-Nestle says in exclusive talks to sell frozen food unit to Brakes

April 15, 2015 5:58 AM

68 0

ZURICH, April 15 (Reuters) - Nestle said it was in exclusive talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund Bain Capital, as part of a drive to trim its sprawling portfolio.

A disposal would come as the world's largest packaged foods maker grapples with slowing in once-hot economies like China and Brazil and as cost-conscious shoppers in Europe and North America remain cautious.

Also read: 'Sons of Anarchy' Star Theo Rossi's Staten Island Home on the Market

Read more

To category page