US-based investment fund Platinum Equity is reportedly interested in buying a chunk of Unilever’s spreads business, with the deadline for the bids for the division said to be next week.
Citing unnamed sources, Reuters reported Platinum Equity was looking at Unilever’s spreads assets in markets such as North America and Europe, rather than the parts of the business in emerging markets.
Reuters said the deadline for suitors to bid for Unilever’s spreads division, which has been reported to have attracted a number of private-equity firms, is 11 December.
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Last month, Sky News reported Unilever had drawn up a shortlist of four suitors interested in buying some or all of its remaining spreads assets.
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