BREAKING NEWS

BREAKING NEWS

Ferrero short-listed for auction of Campbell Soup's international business - source

Ferrero short-listed for auction of Campbell Soup's international business - source
@ Copyright :
Stefano Rellandini(Reuters)
Text size Aa Aa

MILAN (Reuters) - Nutella maker Ferrero has been shortlisted to take part in the second round of Campbell Soup Co's <CPB.N> auction of its international business, a source with knowledge of the matter said on Thursday.

The Italian confectionery group is competing with U.S. food companies Kraft Heinz Co <KHC.O> and Mondelez International Inc <MDLZ.O>.

Private equity firms Bain Capital LP, KKR <KKR.N> and FinTrek Capital Hong Kong Ltd were also admitted to the second round of bids, sources told Reuters last month, adding the sale could fetch close to $3 billion (£2.3 billion).

The international portfolio of Campbell Soup includes its Australian biscuit brand Arnott's and Danish baked snacks maker Kelsen Group.

"Ferrero, which has already a plant in Australia, is interested in Arnott's brand and factories," the source said.

Ferrero declined to comment on the issue.

(Reporting by Francesca Landini; editing by Agnieszka Flak)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.