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The Swiss multinational Nestlé is negotiating the purchase of the Canadian Petfoods Champion, dedicated to pet food, for more than 2,000 million dollars, according to Swiss media.
The food group reportedly had discussions about it to become a majority stakeholder in Canadian society, primarily through the Bedford Capital investment fund, says the ATS Swiss agency.
The giant of Vevey, in the canton of Vaud, is already present in the animal feed business sector through its brand Purina.
According to the American newspaper Wall Street Journal, whose information is reported by the Swiss press, this sector generated a growth of 3% last year for the Swiss multinational, the second highest percentage after coffee .
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