Unilever’s margarine division sale is picking up pace, because interested parties have to table a bid before 19 October. Apparently, mostly investment funds have expressed an interest.
Six to seven billion
Unilever hopes the sale will generate between six and seven billion euro. It put the division up for sale in the spring, and investment funds like Blackstone, CVC and GIC (from Singapore) have been the main interested parties. Its competitors, like Dairy Krest and Kraft Heinz, are not planning on tabling a bid apparently, according to FD.