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Nestle in exclusive talks to sell frozen food unit to Brakes Group

from Reuters

Nestle is in exclusive talks to sell its frozen food unit Davigel to food service operator Brakes Group as part of a drive to trim its sprawling portfolio. A disposal would come as the world's largest packaged foods maker grapples with slowing growth in economies such as China and Brazil, and as shoppers in Europe and North America remain cost conscious due to the lingering effects of recession in many markets. more

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