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Nestle, PAI to create joint venture for frozen pizza in Europe

Published 21/04/2023, 13:12
© Reuters. FILE PHOTO: A logo is pictured on the Nestle research center at Vers-chez-les-Blanc in Lausanne, Switzerland August 20, 2020. REUTERS/Denis Balibouse
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BERLIN (Reuters) - Nestle and private equity firm PAI Partners have agreed to set up a joint venture for Nestle's frozen pizza business in Europe, the Swiss company said on Friday, adding financial details were not disclosed.

© Reuters. FILE PHOTO: A logo is pictured on the Nestle research center at Vers-chez-les-Blanc in Lausanne, Switzerland August 20, 2020. REUTERS/Denis Balibouse

Nestle's pizza business across Europe has an annual turnover of around CHF 400 million ($448.38 million), it said.

($1 = 0.8921 Swiss francs)

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