Announced

Conagra Brands sold Gelit to Consilum SGR, Progressio SGR and Massimo Menna for €70m.

Synopsis

Conagra Brands, an American packaged foods company, sold Gelit, its Italian-based frozen pasta business, to a consortium consisting of Consilum SGR, Progressio SGR and Massimo Menna. Financial terms were not disclosed, however the purchase price is rumoured to be approximately €70m ($78m).

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