Unilever Annouces Plan To Sell Off Margarine Business


Unilever, which owns some of our famous household brands, has announced plans to sell its margarine business, including Flora and Stork.

BBC reports the move comes as part of a wide-ranging review at the Anglo-Dutch firm, which recently saw off a takeover bid from US food giant Kraft Heinz.

Analysts have said the sell-off could fetch $6bn (2.4 trillion Naira).

Unilever also intends to look at changing its historic status as a dual-listed company in two countries.


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