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Campbell negotiating to sell European business

Campbell says it's in negotiations to sell European businesses

Campbell negotiating to sell European business

NEW YORK (AP) -- Campbell Soup Co. says it's in final negotiations to sell its European business to private equity firm CVC Capital Partners.

The proposed sale includes the company's soups, sauces and other products that are sold under a variety of names in Belgium, Finland, France, Germany and Sweden. The deal doesn't include products in the United Kingdom, Ireland, the Middle East or Africa, or the export of its Pepperidge Farm baked goods.

The proposed sale, which includes four plants, is subject to regulatory approvals.

A representative for Campbell said financial terms weren't being disclosed and that it wasn't yet a definitive agreement.

Campbell, based in Camden, New Jersey, says deal would be expected to close in the first quarter of its fiscal 2014.


Updated : 2021-04-22 05:33 GMT+08:00