Tags: British Newspapers | Unilever | Sell | Food | Brands

British Newspapers: Unilever Set to Sell $7.44 Billion of Food Brands

Image: British Newspapers: Unilever Set to Sell $7.44 Billion of Food Brands
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Sunday, 19 Mar 2017 04:45 PM

Unilever is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported.

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.

© 2017 Thomson/Reuters. All rights reserved.

 
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Unilever is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported.
British Newspapers, Unilever, Sell, Food, Brands
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2017-45-19
Sunday, 19 Mar 2017 04:45 PM
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