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Unilever Prepares $7 billion Sale of Food Brands
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20 Mar 2017 02:10 AM EST

Unilever is preparing a $7.44 billion sale of some of its food brands, British newspapers reported on Saturday. The Anglo-Dutch company is planning to sell Flora margarine and Stork butter brands, the Sunday Times said. The Sunday Telegraph, which also cited a $7 billion figure, said unnamed parties were preparing to buy the brands. The company has launched a business review to consider returning cash to shareholders, making medium-sized acquisitions and more aggressive cost cuts, the Financial Times reported on Wednesday.

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