Feb 19, 2017

Unilever boss faces formidable rival in 3G Capital

Now one of Unilever's six main research centres, Port Sunlight in north-west England was the model village and home of Unilever founder William Hesketh Lever. If Kraft Heinz, backed by private equity group 3G Capital and investor Warren Buffett, get their way with their $143bn takeover proposal, revealed on Friday, Mr Polman is in danger of going down in history as the chief executive who presided over Unilever losing its independence. Rew Wood, analyst at Bernstein Research, says: "Polman's legacy at Unilever is important to him . . . and we do not think he would want to be known as the last CEO of Unilever who sold-out a century of strong heritage to a high bidder." Polman's legacy at Unilever is important to him . Further coverage on Kraft Heinz's approach for Unilever.

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