LONDON: Ice-cream maker Froneri Ltd is seeking around €4bil (US$4.5bil) in debt to support a fund that would let co-owner PAI Partners hold onto its stake in the Nestle SA-backed joint venture and facilitate a dividend payment, according to people familiar with the matter.
Banks are lining up financing for the UK-based maker of Haagen-Dazs after a request for proposals was sent out a few weeks ago, the people said, who asked not to be identified because the matter is private.
