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Unilever to sell its spreads business to KKR for 6.83b euros

Deal is a step towards former becoming a faster-growth firm and is likely to close in mid-2018


UNILEVER has agreed to sell its margarine and spreads business to US private equity firm KKR for 6.83 billion euros (S$10.8 billion) to concentrate on faster-growing products.

The maker of Knorr soup and Dove soap announced the deal on Friday, hours after Reuters reported...