Irish food giant the Kerry Group told just-food that it is unwilling to comment on rumours that it is preparing a EUR1.75bn (US$2.23bn) bid for Unilever’s Birds Eye frozen food business.
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According to reports in the Irish press, two private equity firms are backing the food group’s planned bid.
It has been suggested that Kerry will be up against at least three other bidders hoping to secure the iconic frozen food brand, including private equity group CapVest, who own Findus.
Were the acquisition sucessful, it would greatly expand Kerry’s presence in the frozen food sector.
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