Nomad Holdings announced Monday it has completed its acquisition of Iglo Foods Holdings Limited in a deal worth €2.6 billion ($2.8 billion).
Along with the closing of this transaction, Nomad has been renamed Nomad Foods Limited, the group said in a statement.
The transaction was funded through a combination of Nomad's cash on hand, equity and proceeds from a private placement of approximately $795 million at $10.50 per ordinary share to a limited group of institutional investors, assumption of Iglo Group's existing indebtedness and the early exercise of most of Nomad's outstanding warrants.
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