Nutella maker Ferrero is interested in buying Campbell Soup’s international business, which includes biscuit brand Arnott’s, two sources close to the matter said on Monday.
The Italian group based in the Piedmont region is working on a possible deal with Rothschild as advisers, one of the sources said. Ferrero declined to comment on the deal reported Reuters, which could be worth more than $2 billion.
Campbell started the process of selling its international and fresh refrigerated-foods units in August following a strategic review, joining the likes of other packaged food makers such as Kraft Heinz and Kellogg who have also been offloading some brands.
Full Content: Reuters
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