Consumer goods giant Unilever has received approval from the EU to sell the majority of its European frozen food businesses to Permira Funds for EUR1.73bn (US$2.18bn).

In August, Unilever announced its intention to sell the units, which include the Igloo and Birds Eye brands. Unilever's frozen food operations generated revenues of EUR1.24bn last year.

The European Commission announced that it had granted approval in a statement released today (24 October).