British caterer Compass to acquire Fazer Food Services
(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)