ReutersNestleNestle is weighing a smaller presence in the ice cream business and has been reviewing options, including a possible reduction of ‌its stake ⁠in ⁠Froneri, Bloomberg News reported on Wednesday.The Switzerland-based food and drink maker may also consider selling some of its remaining fully-owned ice cream operations to the Froneri venture, the report added, citing people with knowledge of the matter. Nestle declined to comment, while ⁠Froneri did ‌not immediately respond to Reuters' queries. Froneri, a ​joint ​venture between PAI Partners and Nestle, secured ⁠investment from Goldman Sachs and Abu Dhabi Investment ​Authority (ADIA) in October, valuing it at ​15 billion euros ($17.69 billion).PAI could opt to increase its stake in Froneri if Nestle decides to cut its shareholding, or the Swiss group could sell part of its stake to another ‌investor like ADIA, Bloomberg said.Deliberations are ongoing and there's no certainty a deal will eventually materialize, the ⁠report added. Froneri, the maker of ice cream brands such as Haagen-Dazs and Rowntree's, competes with the newly listed Magnum Ice Cream Company, which became a standalone business after its long-awaited split last year from Unilever.Live Events($1 = 0.8481 euros) Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel)Read More News onnestleNestlenestle ice creamFroneriMagnum Ice Cream Companyice cream brandsmagnum (You can now subscribe to our Economic Times WhatsApp channel)Read More News onnestleNestlenestle ice creamFroneriMagnum Ice Cream Companyice cream brandsmagnum Explore More Stories315-million-year-old fossil discovery in Canada suggests Tetrapod may be earliest plant-eaterQuote of the day by Princess Diana: ‘Every one of us needs to show how much we care for…’Word of the day: MendaciousYouTube down in Canada? Thousands of users report issues, here’s what caused the outage and when it might be fixedNationwide winter storms sweep Canada as heavy snow, freezing rain, and extreme cold expected across multiple regionsCanada's Yuvraj Samra scripts T20 World Cup history, slams 58-ball ton against New ZealandWord of the Day: SubliminalNew bathrooms and classroom units: School portables set to arrive, classes to resume as Tumbler Ridge B.C. returns to normal a week after fatal shootingQuote of the Day by Pythagoras: ‘Friends are as companions on a journey, who ought to…’Quote of the day by German philosopher Friedrich Nietzsche: ‘One has to pay dearly for immortality; one has to die several times…’What is Sleep Divorce? As couples struggle with sleep and stress, a new approach is gaining popularity to preserve rest and relationship harmonyWord of the day: LogolepsyQuebec liberals unite behind new leader Charles Milliard as party seeks reset after leadership crisis123