Belgium-based brewing group AB InBev is reportedly looking to acquire a 20% stake in Italian processed tomato producer Mutti Conserve to expand the latter’s presence in the global retail channel.
The Italian company is seeking an international partner, after the exit of Credit Agricole, which had a 5% stake.
According to report in Italian daily Italia Oggi, an agreement has been reached to this effect with Verlinvest, a private equity fund belonging to AB InBev.
Parma-based Mutti Conserve currently has a turnover of €245 million (€40 million more than in 2015), of which two thirds is achieved in Italy.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
