Permira

Permira, the owner of the Birds Eye brand, will retain a 9% stake after the acquisition.

UK’s Birds Eye brand Iglo sold for €2.6bn

By Joyeeta Basu

Europe’s largest frozen foods business Iglo Group has been bought by a pair of US investors for €2.6bn, at 2.4 times return on the original investment made by parent company Permira.

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