Is CP Foods serious about Iglo deal?

Thai agri-giant Charoen Phokphand Foods (CP Foods) can afford to make a bid for Birds Eye parent Iglo Foods Group, but sources in the financial sector are skeptical if it is actually a likely outcome.

UK-based The Sunday Times reported the story, based on unnamed sources, but a European financial source is not convinced.

“I don’t think it is likely that CP Foods will buy Iglo Group. They are focused on Asia, where the growth is,” he told IntraFish.

“Maybe they are looking for information on how the business works, but I am not sure if they will mount a serious bid,” a source with contacts inside Iglo Group told IntraFish.

However,