Irish food and ingredients concern Kerry Group has received a takeover bid for part of its business, the company told just-food today (19 November).
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Kerry was responding to a report in The Financial Times on Saturday (17 November) that claimed the company was in talks to sell a French fruit ingredients business to Swedish private equity firm Industri Kapital.
A Kerry spokesman declined to comment on who had made the approach and what part of the business the suitor was interested in. The spokesman insisted there were “a lot of errors” in the FT’s story.
He added: “We can confirm that we have had an approach regarding the sale of a business. Negotiations are taking place that may or may not lead to the sale of that business.”
Officials at Industri Kapital could not be reached for immediate comment.
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