date:May 21, 2012
This development would leave up to four bidders in the competition including private equity firms Blackstone Group, PAI Partners, BC Partners. However, it is unclear whether Thai food manufacturer Charoen Pokphand Foods is bidding for the company, reported Dow Jones Newswires.
Iglo Group was put up for sale in March after its private equity owner Permira received unsolicited expressions of interest from several companies.
Swiss banking giant Credit Suisse has been hired to handle the auction