Thursday 23rd March, 2017
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Unilever prepares 6bn pound sale of food brands

Unilever prepares 6bn pound sale of food brands

Unilever is preparing a six billion pound ($7.44 bil­lion) sale of some of its food brands, British newspapers reported on Saturday.
 
The Anglo-Dutch company is planning to sell Flora margarine and Stork butter brands, the Sun­day Times said.
 
The Sunday Telegraph, which also cited a 6 billion pounds figure, cited sources as saying private eq­uity firms Bain Capital, CVC and Clayton Dubilier and Rice have started working on offers for the “spreads” business, citing sources.
 
Unilever did not immediately respond to a Reuters request for comment.
 
The maker of Knorr soups, Dove soap and Ben & Jerry’s ice cream rebuffed a surprise $143 billion takeover offer from Kraft Heinz last month.
 
The company has launched a business review to consider re­turning cash to shareholders, making medium-sized acquisi­tions and more aggressive cost cuts, the Financial Times report­ed on Wednesday.

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