
Kellogg and Burton’s Biscuit Co. are reportedly among the companies who have submitted first-round bids for United Biscuits.
The McVitie’s maker was put on the block by its private-equity owners Blackstone Group and PAI Partners earlier this year.
According to Bloomberg, Kellogg and Burton’s have submitted bids alongside Turkish food group Ulker. Previously, San Miguel Corp. confirmed interest in the sale, while Saudi Arabia’s Savola Group and Italy’s Ferrero have also been linked to the auction.
Bids are expected to value the group at around GBP2bn (US$3.3bn) and final decision is expected in November, the newswire said.