BREAKING NEWS

BREAKING NEWS

Unilever to sell margarine and spreads unit to KKR for 6.8 billion euros

Unilever to sell margarine and spreads unit to KKR for 6.8 billion euros
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
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LONDON (Reuters) – Unilever has agreed to sell its margarine and spreads business to KKR for 6.8 billion euros (£6.1 billion), it said on Friday, confirming an earlier report by Reuters saying the U.S. private equity fund had made it into exclusive talks to buy the shrinking business.

(Reporting by Martinne Geller; Editing by Susan Fenton)

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