Unilever lines up €7billion sale of brands

LONDON - Unilever is preparing a € 7 billion sale of some of its food brands, British newspapers reported on Saturday.

Unilever 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, cited sources as saying private equity firms Bain Capital, CVC and Clayton Dubilier and Rice have started working on offers for the "spreads" business, citing sources.

Unilever did not immediately respond to a Reuters request for comment.

Source: Reuters / The Sunday Telegraph