Printer Friendly

ConAgra Foods (CAG) - Conagra Brands Enters Into Definitive Agreement To Divest Gelit -- 6/5/2019.

CHICAGO, May 6, 2019 /PRNewswire/--Today Conagra Brands, Inc. (NYSE: CAG) announced that it has entered into a definitive agreement to divest its Italian-based frozen pasta business, Gelit (headquartered in Doganella di Ninfa, Italy) to an Italian investment company owned by Consilum SGR S.p.A., Progressio SGR S.p.A., and MMM S.r.l. whose reference shareholder is Massimo Menna. The transaction is subject to customary closing conditions and includes the sale of Conagra Brands' entire equity interest in Gelit S.r.l. Financial terms were not disclosed.

BNP Paribas acted as the sole financial advisor to Conagra Brands, and Jones Day acted as its legal advisor.

About Conagra Brands

Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company's portfolio is evolving to satisfy people's changing food preferences. Conagra's iconic brands, such as Birds Eye[R], Marie Calender's[R], Banquet[R], Healthy Choice[R], Slim Jim[R], Reddi-wip[R], and Vlasic[R], as well as emerging brands, including Angie's[R] BOOMCHICKAPOP[R], Duke's[R], Earth Balance[R], Gardein[R], and Frontera[R], offer choices for every occasion. For more information, visit

COPYRIGHT 2019 Acquisdata Pty Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Media Releases
Publication:United States Grains
Date:May 9, 2019
Previous Article:United States Grain Council - Economic Analysis: Grain Exports Offer Billions in Benefits Beyond the Farm -- 7/5/2019.
Next Article:The Andersons Inc. (ANDE) - The Andersons, Inc. Reports First Quarter 2019 Results -- 6/5/2019.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters