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

Mergers and AcquisitionsReuters

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MILAN (Reuters) - Nutella maker Ferrero is interested in buying Campbell Soup's international business, which includes biscuit brand Arnott's, two sources close to the matter said on Monday.

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CPBCAMPBELL SOUP CO.41.14-0.13-0.32%

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.

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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)

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