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Campbell Soup Co To Sell Some European Operations-NYT

Monday, 12 Aug 2013 10:42am EDT 

The New York Times reported that the private equity firm CVC Capital Partners is in talks to buy some of Campbell Soup Co's operations in Europe. The terms of the deal were not disclosed, though Campbell Soup said the combined revenue from the European businesses being sold was $530 million for the 12 months ended April 30. The Company is expecting the deal to be completed by the first quarter of 2014. The sale of some of the Company's European operations comes after a number of acquisitions by Campbell Soup, as it looks for new markets. Allen & Overy advised Campbell Soup on the deal, while Leopold Capital Partners, Barclays, Cleary Gottlieb Steen & Hamilton and Ernst & Young advised CVC Capital Partners. 

Company Quote

0.26 +0.58%
26 Dec 2014