Iglo Group has refused to comment on speculation private-equity owner Permira is to sell the Birds Eye owner to recently-formed US-based consumer goods group Nomad Holdings.

According to a report in The Financial Times citing sources familiar with the matter, a deal worth EUR2.6bn has been agreed and could be announced later today.

Shares in UK-listed Nomad Holdings were suspended today at 07:45 BST today (20 April) at the request of the company "pending an announcement".

A spokesperson for Iglo told just-food the company could not comment on press speculation.

US businessmen Martin Franklin and Noam Gottesman listed Nomad last year to buy a business as part of plans to form a global consumer brands company.

Under the terms of the deal, Permira will retain a 9% stake in Iglo, the FT said. Elio Leoni Sceti, Iglo's chief executive, will step down in June but will continue to be involved with the group as a non-executive director, the report added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Iglo's portfolio also includes products sold under its namesake brand in continental Europe. It also owns the Findus brand in Italy.