Apr 6, 2017

Unilever to sell off Flora and Stork

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. Unilever also intends to look at changing its historic status as a dual-listed company in two countries. "We always have worked our operational model and driven efficiency," Unilever's chief executive, Paul Polman, told the BBC's Today programme. He said Unilever would not change its long-term business model, which he described as one of "Sustainable value-creation". He said the margarine business was a "Declining segment" that could be "Better managed by others".

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