Quantcast

Ferrero short-listed for auction of Campbell Soup's intl. business


Reuters


MILAN, Jan 17 (Reuters) - Nutella maker Ferrero has been shortlisted to take part in the second round of Campbell Soup Co's auction of its international business, a source with knowledge of the matter said on Thursday.

The Italian confectionery group is competing with U.S. food companies Kraft Heinz Co and Mondelez International Inc.

Private equity firms Bain Capital LP, KKR and FinTrek Capital Hong Kong Ltd were also admitted to the second round of bids, sources told Reuters last month, adding the sale could fetch close to $3 billion.

"Ferrero, which has already a plant in Australia, is interested in Arnott's brand and factories," the source said.

Ferrero declined to comment on the issue.






This article appears in: World Markets , Stocks , Economy
Referenced Symbols: CPB ,



More from Reuters

Subscribe






See Reuters News











Research Brokers before you trade

Want to trade FX?