Private equity house Permira ‘puts Iglo up for sale’
Private equity company Permira wants to sell its frozen food company Iglo, bought from Unilever for €1.7bn in 2006, according to various media reports.
Permira merged Iglo with Italian sector peer Findus, which it also bought from Unilever in October 2010.The new group booked pre-tax profit of €160m in the first six months of last year.
Sources told news agency Reuters Premira has asked Credit Suisse to lead-manage the sale.
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