Ferrero SpA

Ferrero won't go public or sell out, eyes expansion in Asia and US instead

Italy's richest man Giovanni Ferrero said that chocolate company Ferrero SpA has no plans to go public or sell out to a bigger rival. Ferrero unveiled his company's vision to expand in Asia and the US in the next decade.

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Ferrero not for sale, denies receiving bid from Nestle

Italian confectionery firm Ferrero said through its spokesman that reports about the company receiving acquisition offers were complete fabrications.

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