Nestle buys Brazil's Kopenhagen for $602.75 million -media report

This post was originally published on this site

The deal comes around three years after U.S. private equity firm Advent International acquired a controlling stake in Grupo CRM, which controls Kopenhagen.

The purchase also includes Brasil Cacau, another chocolate brand owned by the firm.

Nestle and Kopenhagen did not immediately respond to requests for comment. Advent declined to comment.

($1 = 4.9772 reais)