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Croatia: Fortenova sales Ledo to Nomad Foods

For 615 million euro to British company

01 October, 16:17
(ANSA) - BELGRADE, OCT 1 - The Zagreb-based Fortenova Group announced the sale for 615 million euro of the Frozen Food Business Group to Nomad Foods, one of Europe's leading frozen food companies based in UK. The Frozen Food Business Group comprises Ledo plus in Croatia, Ledo Citluk in Bosnia and Herzegovina, Frikom in Serbia, and several other related companies in other South East Europe, Fortenova said in statement. The portfolio includes "frozen food and ice cream brands enjoying a strong recognition among consumers in Croatia, Serbia, Bosnia and Herzegovina, with a tradition of more than half a century," Fortenova noted.

Fortenova is the successor to the Croatian food-to-retail concern Agrokor, the specialised portal SeeNews reported.


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