date:May 09, 2019
US-based food company Conagra Brands has signed an agreement to sell its frozen pasta business, Gelit, to an Italian investment company for an undisclosed sum.
The investment company is owned by a consortium of investors including Consilum SGR, Progressio SGR and MMM, whose reference shareholder is Massimo Menna.
Under the terms of the definitive agreement, the investment company will acquire the entire equity interest owned by Conagra Brands in the Italy-based Gelit.
Completion of the deal i