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

April 15, 2015 5:58 AM

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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.

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