Newprinces open to further acquisitions after Carrefour's Italian business
Under the deal, which also includes 420 million euros of real estate assets according to a slide presentation during the conference call, the enterprise value has been set at 1 billion euros.
Newprinces shares were down 11.5% on the Milan stock exchange, hit by worries about the group's leverage after the recent acquisitions, according to a trader.
Newprinces agreed this month to buy Kraft Heinz's Italian infant and speciality businesses, including the Plasmon, Nipiol and Aproten brands, and in June signed a deal to purchase Diageo 's operations in Italy.
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