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British caterer Compass to acquire Fazer Food Services

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(Reuters) – British caterer Compass Group said on Tuesday it signed a deal with family-owned fast-moving consumer goods firm Fazer Group to acquire its catering business Fazer Food Services for an enterprise value of about 475 million euros (£423.9 million).

Based out of the Nordic region, Fazer Food Services has operations in Finland, Sweden, Norway and Denmark, the company said.

(Reporting by Justin George Varghese in Bengaluru; Editing by Rashmi Aich)

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