 "Parle may cut up to 10,000 jobs as slowdown bites")
India's largest biscuits company Parle Products is reportedly in talks with private equity (PE) firm Bridgepoint to buy Polish cookies and biscuits company, dr Gerard. The Polish company is currently valued at Rs 1,000-Rs 1,200 crore, according to the Economic Times (ET).
dr Gerard was bought by Bridgepoint from France's Groupe Poult in 2013 for an undisclosed amount. The company, in 2022, appointed Houlihan Lokey to oversee the sale of dr Gerard.
The sale was postponed due to the geopolitical uncertainty rising out of the Russia-Ukraine war. The people aware of the matter said that there is still no surety
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