Friday, 9 October 2015
Last updated 42 min ago
Aug 12 2013 | 10:09am ET
Private-equity firm CVC Capital Partners is near a deal to buy some of Campbell Soup Co.'s European businesses.
Among the brand-names on the table are France's Liebing and Royco, Germany's Erasco, Sweden's Blå Band, and Belgium's Devos Lemmens and Royco, as well as four plants, Campbell's said. The businesses on the block have annual net sales of more than US$500 million; Campbell's has total sales in excess of US$7.5 billion.
Terms of the deal are unclear. The two sides are holding final negotiations and the agreement is expected to be completed by the end of October.
Not included in the proposed sale are Campbell's export of Pepperidge Farm products or Campbell's products in the U.K., the Middle East and Africa. Campbell's will also hold on to Danish cookie-maker Kelsen Group.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…