Anglo-Dutch consumer goods conglomerate Unilever revealed today [Friday] that it is near to completing the sale of its Dutch oil and fats subsidiary to IOI Corp Berhad of Malaysia.

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The Loders Croklaan Groep unit, which employs 600 people, posted FY 2001 sales of €267m (US$262.53m). The sale is reported to be valued at €217m in cash.


Unilever said that it chose to sell the unit as part of a “path to growth” strategy to focus on its core brands.

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