Home Business News Thai food giant to bid for Birds Eye

Thai food giant to bid for Birds Eye

by LLB Editor
14th May 12 12:53 pm

Thailand’s biggest food manufacturer, Charoen Pokphand Foods (CPF), has emerged as a potential buyer for Iglo Group, the maker of Birds Eye fish fingers. Owned by private equity firm Permira, Iglo Group has been put up for sale for £2.5bn with the first round of bidding lodged on Friday.

Other firms interested in buying the food group are private equity firms Blackstone and BC Partners.

Earlier this month, British cereal maker Weetabix was acquired by Shanghai firm Bright Food for £1.2bn.

A recent LondonlovesBusiness.com survey revealed that over half (51 per cent) of London’s businesspeople believe it’s important for British companies to retain their British ownership.

The survey also found that 54 per cent of businesspeople “do care” if British companies are bought by foreign firms.

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