Private-equity owned Spanish bakery group Panrico has reportedly attracted takeover bids from rival private-equity firms.
Panrico, which was bought by Apax Partners in 2005, had been studying plans to restructure the business but, according to Dow Jones Newswires, lenders have abandoned the proposals.
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The report claimed that Permira and PAI Partners are among the bidders for Panrico, which makes a range of bread and pastry products.
Officials for Panrico and Apax Partners in Spain declined to comment when contacted by just-food today (20 May).
Permira, the owner of frozen food giant Birds Eye Iglo, could not be reached for immediate comment.
Paris-based PAI Partners also could not be reached for immediate comment.
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