Unilever (UNA.AE) announced Tuesday that it has

signed an agreement under which Unilever will acquire Greek company EVGA's ice cream brands

including amongst others, Scandal, Variete and Karabola and distribution network, for an undisclosed

amount.

MAIN FACTS:

- EVGA will retain its existing production and warehousing facilities and will manufacture both

the current EVGA and some of Unilever ice cream branded products for the Greek market and

for export.

- EVGA's ice cream turnover in 2009 was EUR32 million. As part of the agreement, approximately

65 employees will transfer to Unilever. The agreement is subject to regulatory approval by the

Greek competition authorities.

- Unilever said this deal will enrich Unilever's Greek ice cream portfolio and will increase availability of its

products to consumers through the expansion of the distribution network and enhanced

innovation.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com, +3120-571-5200

 
 
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