Unilever PLC (ULVR.LN), the consumer goods firm whose products include Wall's ice cream, Dove, Lynx, Surf and Domestos, said Monday it has signed a binding agreement to sell its Italian Frozen Foods business, Findus to a company in which Birds Eye Iglo has a significant stake, for EUR805 million.

MAIN FACTS:

-Transaction includes the sale of the Italian Findus business, comprising the following brands: 4 Salti in Padella, Sofficini, Capitan Findus and That's Amore, and a dedicated factory in Cisterna, Italy.

-As part of the agreement, 650 factory and head office employees will transfer.

-Sales of Findus Italy were EUR462 million in 2009.

-The transaction is subject to relevant E.U. anti-trust regulatory approvals.

-Unilever shares in London at 0815 GMT up 11 pence, or 0.6%, at 1893 pence valuing the company at GBP24.28 billion.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com
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