Rumour mill over United Biscuits snacks unit interest continues

By: Michelle Russell - 8 October 2012 15:55

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Reports have surfaced once again that United Biscuits has attracted more bidders for its salty snacks division.

The company declined to comment on reports this morning (8 October) the unit might be sold to a Russian-British private equity firm in a GBP450m auction.

Reports emerged over the weekend that Pamplona Capital Management is a favourite to win the bid, although the company did not return comment at the time of going to press.

United Biscuits also declined to comment on the reports.

Pamplona is one of a number of companies reported to be preparing bids for the division, which has brands such as Hula Hoops, KP Nuts and Skips.

Last week, former Tesco boss Sir Terry Leahy was reported to be leading a bid by private equity firm Clayton Dubilier & Rice (CD&R) for the salty snacks business of United Biscuits.

A spokesperson for United Biscuits confirmed to just-food last month that it was "actively trying to sell the KP snacks business" and that documentation giving details of the business had been sent to potential purchasers.

The spokesperson said there had been "a good level of interest" for the business but declined to comment on who the recipients were.

It is understood the deadline for bids is tomorrow.

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Rumour mill over United Biscuits snacks unit interest continues

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