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Unilever prepares 6 billion pound sale of food brands: newspapers

March 18, 2017 10:17 PM
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Unilever prepares 6 billion pound sale of food brands: newspapers

LONDON Unilever (ULVR.L) (UNc.AS) is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday, without citing sources.

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, said unnamed parties were preparing to buy the brands.

Also read: Amazon to Buy Whole Foods for $13.7 Billion

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