Unilever  confirmed the sale of its Findus Italy business to frozen-foods group Birds Eye Iglo in a deal worth 805m EUR (1.04bnUS$). Unilever said it had sold Findus Italy "to a company in which Birds Eye Iglo has a significant stake" three months after it had put the business on the block.

Unilever said Findus Italy, which sells brands including 4 Salti in Padella, Sofficini and Captain Findus, generated 462m EUR turnover in 2009.

The deal remains subject to regulatory clearance from the EU.

source: just-food.com