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Time： 2018-01-09 22:36:22
Author： Food Daily
From： Food Daily
532.334 billion yuan! Unilever wants to sell its spread business
On the early morning of 16 December, Fast Glory Unilever issued a circular announcing that it would sell its Spreads business to 68.25 billion euros (equivalent to 52.334 billion yuan) to New York-based KKR, a Leveraging Takeover. Spreads are one of Unilever's start-ups, accounting for 5.75% of overall sales last year. The business adjustment is also the largest sale of Unilever assets following Kraft Heinz's acquisition of Unilever.
In the company briefing, Unilever said it has received a binding offer from KKR, which buys Unilever Global Spreads for 6.81 billion euros in cash on a debt-free basis. The Unilever spread business has many brands in the West: Becel, Flora, Country Crock, Blue Band, I Can not Believe It's NotButter, Rama and ProActiv. Nicolas Liabeuf, now CEO of spreads, will continue to lead the business. The transaction is expected to be completed by mid-2018.
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