First Bids For Unilever's Italian Unit Due May 24 -Sources
12 Mai 2010 - 6:49PM
Dow Jones News
First round bids for the Italian frozen food business being sold
by Unilever PLC (UL) are due by May 24, people familiar with the
situation told Dow Jones Newswires Wednesday.
The Anglo-Dutch consumer goods giant hired Goldman Sachs Group
Inc. (GS) at the beginning of April to run an auction of the unit
which has annual turnover of around EUR450 million.
Potential buyers include Permira, which will bid through Birds
Eye Iglo Group, the European frozen-foods business it bought from
Unilever in November 2006, and Lion Capital which already owns
Findus Group, parent of Young's, Findus and Seafood Co.
Representatives for Unilever and Goldman Sachs weren't
immediately available to comment.
-By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241;
marietta.cauchi@dowjones.com
(Jessica Hodgson and Michael Carolan contributed to this
article.)
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