date:Apr 28, 2023
Nestl and private equity firm PAI Partners have agreed to set up a joint venture for Nestls frozen pizza business in Europe, creating a dedicated player in a competitive and dynamic category.
Nestl will retain a non-controlling stake with equal voting rights alongside PAI Partners. The transaction is subject to employee consultations and the approval of regulatory authorities and is expected to close in the second half of 2023. Financial details are not being disclosed.
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