UK Investor Plans Sale of Iglo

Business › n.a. ♦ Published: March 27, 2012; 15:13 ♦ (Vindobona)

The British company should get new owners soon. The consequences for the Austrian subsidiary are unknown yet.

UK Investor Plans Sale of Iglo / Picture: © Iglo

According to Financial Times, Iglo is for sale. Proceeds of € 3.0bn are expected. Iglo, which is a producer of deep-frozen products, is owned by the London-based financial investor Permira. In the UK, Iglo is known as BirdsEye. Permira already mandated Credit Suisse to introduce the sale.

Permira did not comment these reports. As a result, it is not known which consequences the…

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