World's biggest food firm Nestle to sell its ice cream businesses

World's biggest food company Nestle, which had sold its European and US ice cream units, is in advanced talks to sell its remaining in-house ice cream business. It plans to sell the businesses in Canada, Chile, Peru, Malaysia, China and Thailand to Froneri, its joint venture with PAI Partners. Nestle will focus on coffee, petcare, nutrition, food and snacks.