BREAKING NEWS

BREAKING NEWS

Exclusive - KKR wins auction for Unilever's spreads business: sources

Exclusive - KKR wins auction for Unilever's spreads business: sources
FILE PHOTO: The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid /File Photo
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(Reuters) – Private equity firm KKR <KKR.N> is in exclusive talks to buy Unilever’s <ULVR.L> margarine and spreads business, people familiar with the matter said on Friday, in a deal expected to top $7 billion.

KKR prevailed in an auction for the business and could finalise a deal as early as this month, the sources said, asking not to be identified because the discussions are confidential.

KKR and Unilever did not immediately respond to requests for comment.

(Reporting by Greg Roumeliotis in New York)

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