UK/NETHERLANDS: Unilever to offload big brands to gain EU clearance for Bestfoods acquisition
Anglo-Dutch conglomerate Unilever is believed to have offered big concessions to representatives of the European Commission that could amount to "significant business disposals." Its June bid of US$21.3bn for Bestfoods of the US has already been approved by antitrust authorities in the US, but the results of the first round of EU investigation are due to be released today, and the Anglo-Dutch food group is anxious to avoid a second phase of hearings.
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