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Nomad Holdings to buy frozen foods maker Iglo for $2.79 billion


    (Reuters) - Nomad Holdings Ltd said it would buy Iglo Foods Holdings Ltd, Europe's biggest frozen foods business and the company behind the Birds Eye brand, for about 2.6 billion euros ($2.79 billion) from a company backed by private equity group Permira.

    The deal is expected to be funded through a combination of Nomad's cash on hand, equity, and the proceeds from a private placement to raise about $750 million, Nomad said on Monday.

    ($1 = 0.9314 euros)

    (Reporting by Aastha Agnihotri in Bengaluru; Editing by Ted Kerr)