Nestle nears sale of frozen food unit Davigel to Brakes Group – source

Nestle nears sale of frozen food unit Davigel to Brakes Group – source
A Nestle logo is pictured on sample products on display at the company headquarters in Vevey

LONDON - Nestle is in advanced talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund Bain Capital, a person familiar with the situation said on Tuesday.

The talks, reported earlier by French daily Les Echos, are ongoing and a deal is expected to be signed soon, said the person, who asked not to be named because the discussions are private.

Brakes Group and Nestle were not immediately available for comment.

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