Hubei Srikro Technology Co.,Ltd | Shiluo Technology (Yiwu) Co.,Ltd
Raw material supplier for Human nutrition, animal nutrition, cosmetic
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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