Sector News

Nestle says exploring options for Davigel frozen food unit

November 17, 2014
Food & Drink
(Reuters) – Nestle said on Friday it is looking at options for frozen foods business Davigel, with a view to partnering the unit.
 
“This mainly involves identifying a partner to help Davigel in its next stage of growth while safeguarding the best interests of employees, customers and shareholders,” the Swiss food and beverage giant said in a statement.
 
In February, Reuters reported that Nestle was looking at selling Davigel for about 300 million euros (373.44 million US dollar), as part of a drive to trim its sprawling portfolio.
 
(1 US dollar = 0.8033 euro) (Reporting By Katharina Bart)

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