Unilever said Wednesday that it intends to acquire Baltimor Holding ZAO's sauces business, the ketchup business in Russia.

The acquisition consideration is made on a cash and debt free basis and is not material to Unilever overall, it said.

The transaction is subject to regulatory approval.

The acquisition includes ketchup, mayonnaise and tomato paste business under the Baltimor, Pomo d' Oro and Vostochniy Gourmand brands - accounting for annual turnover of around EUR70 million - and a production facility at Kolpino, near St. Petersburg.

It excludes Baltimor's branded vegetables, condiment, preserve and juices business and production facilities at Krasnodar and Khabarovsk.