A Bulgarian subsidiary of French vegetable oil producer Cereol has said that it has agreed to sell its margarine-making unit to Unilever Bulgaria.
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Cereol, which is part of the world’s largest oilseed processor Bunge, said its recently acquired Bulgarian subsidiary Kaliakra had signed an agreement with the Bulgarian unit of Anglo-Dutch food and consumer products group Unilever concerning the sale of the margarine unit.
Kaliakra recorded turnover of €17m (US$18.4m) in 2001, reported Reuters.
