Nomad Foods Limited

NYSE:NOMD  
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Divestitures / Spin-offs, Mergers / Acquisitions

Fortenova completes sale of frozen food business to Nomad Foods

Published: 09/30/2021 13:37 GMT
Nomad Foods Limited (NOMD) - * Completes the Sale of Its Frozen Food Business in Croatia, Bosnia and Serbia to Nomad Foods Nomd.
N After Receiving All Regulatory Approvals.
* the Deal, Annouced in March, is Worth 615 Million Euros ($525 Million).
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* Proceeds From the Sale Will Be Used for Debt Repayment, Significantly Deleveraging the Company.
* Expects That Nomad Foods Will Be an Important Partner for Fortenova's Retail Business.
($1 = 1.1714 Euros).
(reporting by Igor Ilicediting by David Goodman).
((igor.
Ilic@thomsonreuters.
Com; +385 1 4899 970; Mobile +385 98 334 053;)).