Conagra Brands: Completes Sale Of Its Gelit Business

Chicago / IL. (cag) ConAgra Brands Inc. announced that it has completed the divestiture of Gelit, an Italian-based frozen pasta business headquartered in Doganella di Ninfa, Italy. The original transaction agreement was announced on May 07, 2019, on bakenet:eu. The business has been divested 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. BNP Paribas acted as the sole financial advisor to Conagra Brands, and Jones Day acted as legal advisor.