date:May 15, 2012
It is reported that through the acquisition, CPF seeks to expand Birds Eye brand in eastern Europe and Asia, where frozen food business is smaller.
Private equity firms such as Bain Capital, BC Partners, Blackstone and PAI Partners are also reportedly bidding for Iglo Group.
If CPF wins the bid, Birds Eye would become the latest food brand to be acquired by a foreign company. Recently, Chinese state-owned Bright Food has entered into an agreement to acquire British breakfast cereal company We