Thu, 06 Apr 2017 | DIVISION SALE
Household consumer goods giant Unilever is gearing up to sell off its margarine business, including the Flora and Stork brands, in a sale analysts say could fetch £4.8 billion.
The move is part of a shake-up at the group, which seeks to gain more returns for its shareholders and become “a leaner and more focused business”.
Chief executive Paul Polman said in a statement: “We feel that the changes we are announcing today will accelerate the transformation of Unilever and the delivery of sustainable shareholder value over the long-term.”
Its long-term business model, which they describe as “sustainable value-creation” is to remain the same. It will endeavour to increase its cost-cutting, aiming for a 20 per cent margin by 2020.
Unilever is certainly busy at the moment - it is also examining its dual-listed structure, which dates back to the 1930s when Britain’s Lever Bros merged with Dutch margarine manufacturer Unie.
Unilever rejected a £115 billion takeover bid from Kraft Heinz in February, as the bid was too low and takeover of little benefit. The company will also buy back £4.3 billion of shares in an attempt to smooth over irate investors after the bid rejection.
Food businesses for sale.
You can subscribe to the Business Sale Report here.
The company provides person-centred support, progression and community integration, helping clients gain skills for living, employment and social skills.
LEASEHOLD
Highly successful business operating over a span of six years. Offers a comprehensive range of high-quality products and has successfully launched stock for over 400 suppliers.
FREEHOLD
Offers an extensive range of roofing and building services, ranging from minor works to major, multi-trade construction projects.
LEASEHOLD
26
|
Feb
|
Hanson-owned brickwork contractor closes down | BUSINESS NEWS
Brickwork firm Irvine-Whitlock, a subsidiary of building mat...
25
|
Feb
|
Fairstone secures further backing from PE firm TA Associates | BUSINESS NEWS
Acquisitive wealth management firm Fairstone Financial Manag...
24
|
Feb
|
Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE
Nestlé has strengthened its position in the e-commerc...
Sign up to receive our acquisition alert emails to get your FREE guide
30
|
Jun
|
Unilever to sell off men's hair care product Brylcreem | DIVISION SALE
Unilever, the Anglo-Dutch consumer products giant, is prepar...
23
|
Mar
|
Business Sale Report acquisition update | BUSINESS SALE
Hello and welcome to the Business Sale Report Twenty two c...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources