Sara Lee Corporation announced today that the company has sold its U.K. bakery business, which manufactures, markets and distributes frozen baked goods under the Sara Lee name and private label brands, to Dublin-based Hibernia Foods PLC. For the fiscal year ended June 30, 2000, Sara Lee's U.K. bakery business generated sales of approximately US$75 million (UK(pound)50 million). Financial terms of the transaction were not disclosed.