date:May 14, 2012
A clutch of private-equity firms have submitted first-found bids for Permira-owned frozen food businesslqlo Group, it is understood.
According to reports today (11 May), the first round of bids from a handful of private-equity firms were submitted for yesterday's deadline, with a sale expected to value the company at around EUR3bn (US$3.9bn).
Iglo, which is Europe's largest frozen food group, was formed when Permira purchased Iglo for EUR1.7bn from Unileverin 2006 and then combined it with Fi