Nutella maker Ferrero in race to buy Campbell International business: sources

[December 10, 2018]  MILAN (Reuters) - Nutella maker Ferrero is interested in buying Campbell Soup's <CPB.N> international business, which includes biscuit brand Arnott's, two sources close to the matter said on Monday.

Tins of Campbell's Tomato Soup are seen on a supermarket shelf in Seattle, Washington, U.S. February 10, 2017. REUTERS/Chris Helgren

The Italian group based in the Piedmont region is working on a possible deal with Rothschild as advisers, one of the sources said, confirming an earlier report by Italian daily Il Sole 24 Ore.

Ferrero declined to comment on the deal, which, according to Il Sole 24 Ore could be worth more than $2 billion.

(Reporting by Francesca Landini; Editing by Crispian Balmer)

[© 2018 Thomson Reuters. All rights reserved.]

Copyright 2018 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.