Bidders for Unilever’s frozen-foods business in Italy are due to make their next offers in the middle of next month, it was reported today (7 June).

According to Dow Jones Newswires, a clutch of private-equity firms including Birds Eye Iglo owner Permira, Lion Capital, the owner of Findus Group and PAI Partners are expected to submit bids.

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Unilever confirmed long-running speculation in April that it was looking to sell Findus Italy.

The Anglo-Dutch consumer goods giant said a sale of Findus Italy would allow it to up investment in “core” categories in the country.

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