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Unilever sells spreads business to KKR for $8 billion
short by Krishna Veera Vanamali / on Sunday, 17 December, 2017
Consumer goods giant Unilever has agreed to sell its margarine and spreads business to US private equity firm KKR for $8 billion. The unit employs 2,300 people around the world and owns the brands ProActiv, Flora, Rama and Country Crock. The move follows a review of Unilever's business which was prompted by an unsolicited takeover attempt by rival Kraft Heinz.
read more at The Guardian