Nomad Foods Limited (NYSE:NOMD) announced that it has entered into exclusive negotiations to acquire Fortenova Group d.d.'s frozen food business group, or FFBG, which includes Ledo, Frikom and other frozen brands. This prospective transaction is aligned with management's strategy of complementing growth in the base business with the acquisition of frozen food brands across Europe. The company said the acquisition of FFBG would extend Nomad's portfolio into new and developing European markets while also creating a beachhead for potential future consolidation within Central and Eastern Europe. These discussions are preliminary and there can be no assurance that a transaction will be completed. The company does not intend to provide further updates unless there is a definitive outcome to the discussions.