Unilever selling magarines for 6.8b euros to US giant KKR

The Anglo-Dutch food and consumer giant Unilever announced on Friday that it had reached a $ 6.8 billion deal with US giant private equity KKR for sell his margarine business.

Unilever "has received a firm offer from KKR to buy its global spreads business for 6.825 billion euros on a cashless and debt free basis," the company said in a statement.

After refusing a takeover of his American competitor Kraft Heinz earlier this year, Unilever announced in April that he would be unlocking his margarines, including brands such as Flora, Blue Band and Rama, as part of a restructuring plan.

Unilever's general manager, Pol Polman, said Friday's announcement "marks a new step in remodeling and improving our portfolio for long-term growth."

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