Private-equity firm Lion Capital has suspended talks to sell its Findus unit in France to a potential buyer, thought to be rival buy-out house and Iglo Group owner Permira.
A union official at Findus France’s plant in Boulogne-sur-Mer said staff representatives had been informed by management last week that Lion Capital had suspended sale talks.
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“Management did not give any reason for the suspension of the talks and we have requested that more information be disclosed but have yet to receive a reply,” the official said today (14 December).
Reports in the French press say the sticking point in negotiations with Permira is the sale price.
No-one at Lion Capital was available for comment when contacted by just-food.
In October, it emerged that Lion Capital was in talks to sell the Nordic operations of Findus Group.
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By GlobalDataPermira acquired the rights to the Findus brand in Italy last year from Unilever.
