Goldman Sachs poised to buy into ice cream maker Froneri at $17.13 billion valuation, FT says
Reuters could not immediately verify the report.
The deal, which could be signed as soon as September, would involve Goldman's asset management division becoming the lead investor in a continuation vehicle established by French private equity firm PAI Partners, the report said citing sources.
Froneri is a joint venture between Switzerland-based Nestle (NESN.S), opens new tab and PAI unit R&R Ice Cream, set up in 2016, with the two merging their European ice cream business in 20 countries.
Nestle also sold its U.S. ice cream business to Froneri in 2019 in a $4 billion-deal, giving it control of Häagen-Dazs and other Nestle brands.
Goldman Sachs and Nestle did not immediately respond to Reuters' requests for comment, while PAI and Froneri could not be immediately reached for comment.
($1 = 0.8759 euros)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
10 minutes ago
- Reuters
Oil little changed after OPEC+ proceeds with September output hike
SINGAPORE, Aug 4 (Reuters) - Oil prices edged higher on Monday, paring earlier losses, as traders expect the market to absorb another large output hike by OPEC+ in September, while worries about disruptions to Russian oil shipments to major importer India also provided support. Brent crude futures climbed 11 cents, or 0.16%, to $69.78 a barrel by 0647 GMT, and U.S. West Texas Intermediate crude was at $67.52 a barrel, up 19 cents, or 0.28%. Both contracts closed about $2 a barrel lower on Friday. The Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share. It cited a healthy economy and low stockpiles as reasons behind its decision. The move, in line with market expectations, marks a full and early reversal of OPEC+'s largest tranche of output cuts, plus a separate increase in output for the United Arab Emirates, amounting to about 2.5 million bpd, or about 2.4% of world demand. "This additional production appears to have little impact because it was so well flagged ahead of time," said Michael McCarthy, chief executive officer of online trading platform Moomoo Australia. It appeared that traders focused on the comments from state OPEC producers that previous additions were easily absorbed, particularly across Asia, he said. Analysts at Goldman Sachs expect that the actual increase in supply from the eight OPEC+ countries that have raised output since March will be 1.7 million bpd, because other members of the group have cut output after previously overproducing. Still, investors remain wary of further U.S. sanctions on Iran and Russia that could disrupt supplies. U.S. President Donald Trump has threatened to impose 100% secondary tariffs on Russian crude buyers as he seeks to pressure Moscow into halting its war in Ukraine. At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said on Friday and LSEG trade flows showed. This puts about 1.7 million bpd of crude supply at risk if Indian refiners stop buying Russian oil, ING analysts led by Warren Patterson said in a note. This would potentially erase the expected surplus through the fourth quarter and 2026 and provide OPEC+ the opportunity to start unwinding the next tranche of supply cuts totalling 1.66 million bpd, they added. However, two Indian government sources told Reuters on Saturday the country will keep purchasing oil from Russia despite Trump's threats. Concerns about U.S. tariffs impacting global economic growth and fuel consumption are also hanging over the market, especially after U.S. economic data on jobs growth on Friday was below expectations. U.S. Trade Representative Jamieson Greer said on Sunday that the tariffs imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations.
Reuters
12 minutes ago
- Reuters
UK's Senior reports 10% rise in profit on civil aerospace and defence demand
Aug 4 (Reuters) - British engineering firm Senior (SNR.L), opens new tab reported a 10% rise in first-half adjusted operating profit on Monday, helped by its aerospace division on robust civil aerospace and defence demand. Rising air travel demand, driven by growing disposable income along with increased defence spending amid heightened geopolitical tensions, has benefited firms like Senior, a key supplier to Boeing (BA.N), opens new tab and Airbus ( opens new tab. The company reported an adjusted operating profit of 31.2 million pounds ($265,760.00) for the half-year ended June 30, compared with 28.3 million pounds a year ago. Senior reiterated its expectations for 2025 and said trading had been in line with expectation. ($1 = 0.7526 pounds)
The Independent
41 minutes ago
- The Independent
Transfer news live: Man Utd battle Newcastle for Sesko, Liverpool's Isak bid, Son to leave Spurs
Newcastle United remain in the headlines due to the interest in striker Alexander Isak. The 25-year-old has been trying to force a move away from the club amid ongoing interest from Liverpool but Newcastle are holding out for a massive fee having rejected Liverpool 's first bid. Manager Eddie Howe says the situation is 'far from ideal'. Nevertheless the club are searching for a potential replacement and have made a bid fo RB Leipzig's Benjamin Sesko which was deemed not good enough by the German side. To make matters worse, Manchester United, who are hopeful of securing a No.9 of their own, are willing to match the bid with improved add ons meaning the two clubs will battle it out over the closing days of the window. Elsewhere, Tottenham captain Son Heung-Min is set to leave north London after a decade with the club, announcing the news in an emotional press conference ahead of the pre-season friendly against Newcastle in his native South Korea while Arsenal are aiming to bolster their forward line by signing Crystal Palace 's Eberechi Eze. Palace want a fee in excess of £60m which is the amount of Eze's release clause but the Gunners are running out of time to trigger it. Tottenham captain Son Heung Min to leave club for 'fresh challenge' Tottenham captain Son Heung Min has revealed he will leave the club this summer. Son has spent the last decade at Spurs and achieved his goal of silverware in May when he helped the Premier League team to Europa League success with a 1-0 victory over Manchester United. It ended a 17-year trophy drought for the club. Tottenham captain Son Heung Min to leave club for 'fresh challenge' Son had been at Spurs for a decade and led them to Europa League glory last season to end a long trophy drought Mike Jones4 August 2025 07:22 Good morning! Welcome to The Independent's Mike Jones4 August 2025 07:21 Lookman wants to depart Atalanta over 'broken promises' Forward Ademola Lookman said on Sunday he had put in a formal transfer request at Atalanta after facing poor treatment at the Italian club. England-born Nigeria international Lookman was Atalanta's second-highest scorer in Serie A last season, netting 15 goals. Italian media reports have linked the former Everton, Fulham and Leicester City player with a move to Inter Milan. Atalanta did not immediately respond to an email requesting comment. Lookman, who joined Atalanta in 2022 on a four-year contract, wrote in a letter shared on social media that he had agreed with the club ownership that he would be allowed to move if there was a fair offer. "Despite now receiving an offer in alignment to what I believe had been discussed sadly the club are blocking the opportunity for reasons I do not understand," he wrote. "After many months of broken promises and what I feel has been poor treatment towards me as both a human being and as a professional footballer, sadly I feel I have no choice but to speak out... I can confirm I have now handed in a formal transfer request." Flo Clifford4 August 2025 07:10 Bannan commits to Wednesday Sheffield Wednesday captain Barry Bannan has signed a new contract with the troubled Championship club. The 35-year-old midfielder, whose previous deal had expired, has committed to the Owls just two days after players and staff at Hillsborough had not received their wages on time for the third successive month. The club has not disclosed the details of Bannan's new deal. The Scot said he had received interest from other clubs and that his daughter's reaction to the prospect of ending his decade-long stay with the Owls had helped shape his decision. Bannan said: "This club is a big part of me and my family, who are with me here today as I'm signing. "They will always stand by me with whatever decision I make and I've decided to stay. "With the season getting closer, this last week has been tough because there was interest from elsewhere and I had a lot to think about. "We had a lot of conversations as a family and when I told my daughter Elsie that I might be leaving she started crying. "Then last night when I told her I was staying she started crying again. I asked her why and she said they are just happy tears." Flo Clifford4 August 2025 06:10 Amorim 'really happy' with Hojlund Of under pressure forward Rasmus Hojlund, who has been the subject of interest in the transfer market, Ruben Amorim recently said: 'The important thing is that people focus on the goals and we suffer a lot because of the lack of goals. But I think not just the goals, but the way he (Hojlund) connects the play. "Every time we have to kick the ball, we are kicking the ball when we are more pressed. The ability for him to hold the defender and to connect in the support is helping us a lot to play better. And we are playing better because he is playing better. "I am really happy with Rasmus. I don't know what is going to happen until the end of the market. The important thing is that the strikers that are here are working really well, are improving, are helping the team and that is the most important thing.' Flo Clifford4 August 2025 05:10 Sesko saga reaches critical decision Newcastle have submitted an offer for RB Leipzig, according to reports, and Manchester United are prepared to wait and see what Benjamin Sesko wants. If Sesko wants to go to Old Trafford, and gives the green light, United will then submit an offer, writes Fabrizio Romano. They are not prepared to enter talks with the club only to be snubbed by the player further down the line. Flo Clifford4 August 2025 04:12 Liverpool still have eyes for Guehi Liverpool retain an interest in Crystal Palace centre-back Marc Guehi, though they do not agree with Palace's valuation for the defender. The England international is out of contract next summer but Palace currently value him at £40m. Flo Clifford4 August 2025 03:12 West Ham capture Wilson West Ham have signed Callum Wilson on a one-year contract following his release by Newcastle. The 33-year-old former Bournemouth striker scored 49 goals in 130 appearances in five years for the Magpies. Wilson said: 'I'm excited to be joining a massive football club like West Ham.' Flo Clifford4 August 2025 02:11 Newcastle to look at Watkins & Wissa if Isak leaves Newcastle will look at Aston Villa striker Ollie Watkins if given encouragement that a deal can be done, according to the Daily Mail. Watkins would be available for around £60m, though Newcastle would likely try to reduce that fee. While the signing could act as a replacement for Alexander Isak, the club are also still targeting Brentford forward Yoane Wissa, who is reportedly valued at £50m too. Flo Clifford4 August 2025 01:11 Gyokores debut and what it showed A debut defeat and an outing that was underwhelming but left the sense he was underused may matter little. When it comes to competitive games, Viktor Gyokeres 's Arsenal bow will come at Old Trafford against Manchester United on 17 August. But as he donned their No 14 shirt for the first time in a game, Arsenal at least showed the need for Gyokeres, the forward who scored 97 goals in 102 games for Sporting CP. The first north London derby staged outside the United Kingdom yielded a 1-0 loss to Tottenham, with Arsenal registering a lone shot on target, which Kai Havertz directed at Guglielmo Vicario. Gyokeres was limited to the last 20 minutes, including stoppage time, as Arsenal were largely toothless. The argument that they needed a specialist goalscorer is scarcely new, but perhaps it was underlined when they spent an initial £55m to acquire one.
