Swiss food giant Nestle has confirmed it is to sell its Buitoni pasta plant in Italy.
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The plant, located in Sansepolcro in Tuscany is the only pasta plant Nestle owns in Italy. The company has appointed Mediobanca to begin the search for a buyer.
A spokesperson for Nestle said: “We want to concentrate on more value-added business.”
Interested parties could not be confirmed but the sale is expected to be completed in the middle of the year.
Nestle will retain ownership of the Buitoni brand.
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