US-based investment and advisory firm Blackstone Group LP (BX) and UK-based private equity firm BC Partners will submit a joint bid on Thursday to buy European frozen foodmaker Iglo Group for $3 billion, media reported Thursday.
Under the proposed deal, each will take 50 percent of the business, owned by Permira. Earlier this week, both companies reportedly got permission to submit a joint bid from Permira, after Blackstone withdrew from the auction at the end of last week.
Permira bought Iglo from Unilever PLC for 1.7 billion euros in 2006. Permira has appointed Credit Suisse to manage the sale process.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.