A PYMNTS Company

Switzerland: Ice cream giant in $3.4 billion mega merger talks

By  |  October 5, 2015

Nestlé is in advanced talks with European ice-cream maker R&R Group to form a joint venture for ice cream mainly in Europe and Africa.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The world’s largest packaged foods company said the proposed merger with R&R, owned by French private-equity firm PAI Partners, would help its ice cream business grow. It expects the tie-up to be implemented next year and to be chaired by Luis Cantarell, Nestlé ‘s executive vice president for Europe, the Middle East and North Africa.

    Switzerland-headquartered Nestlé will contribute its ice cream businesses in Europe, Egypt, the Philippines, Brazil and Argentina to the new joint venture and transfer its European frozen food businesses, excluding the pizza operation.

    Full content: The Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.