Unilever PLC (UL) is considering restructuring, possibly
divesting, its food business, mergermarket cited a source familiar
with the situation as saying. The mergermarket article was posted
on the Financial Times website.
The consumer giant earlier this year began exploring options for
its so-called condiments business, including a possible
divestiture, two industry bankers told mergermarket.
Unilever's board is concerned about the company's dependence on
food-product sales in North America and Western Europe, where food
consumption is slowing down, and the slowdown has weighed on
Unilever's valuation, the source familiar said.
Officials at Unilever declined to comment, the report said.
Full story at
http://www.ft.com/intl/cms/s/2/1a038836-0bb8-11e1-9310-00144feabdc0.html#axzz1dKX7Mytf
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