Frosta examining takeover of Nestle's Italian frozen food business

Frosta AG

10/04/2017 11:18

ZURICH, April 10 (Reuters) - German food company Frosta 
 HNDG.F  said on Monday it was talking to KitKat maker Nestle 
 NESN.S  about buying its Italian frozen food business. 
    Frosta has entered exclusive negotiations to buy the 
business, which includes the brands La Valle Degli Orti, Mare 
Fresco and Surgela, the Bremerhaven-based company said. 
    "In the framework of the exclusivity Frosta is currently 
examining whether such an investment would be beneficial for the 
company," it said in a statement. 
 
 (Reporting by John Revill) 
 ((John.Revill@thomsonreuters.com; +41 58306 7022; Reuters 
Messaging: john.revill.thomsonreuters.com@reuters.net)) 
 
Keywords: FROSTA NESTLE/