Unilever prepares to sell Flora and Stork

Thu, 06 Apr 2017

Household consumer goods giant Unilever is gearing up to sell off its margarine business, including the Flora and Stork brands, in a sale analysts say could fetch £4.8 billion.

The move is part of a shake-up at the group, which seeks to gain more returns for its shareholders and become “a leaner and more focused business”.

Chief executive Paul Polman said in a statement: “We feel that the changes we are announcing today will accelerate the transformation of Unilever and the delivery of sustainable shareholder value over the long-term.”

Its long-term business model, which they describe as “sustainable value-creation” is to remain the same. It will endeavour to increase its cost-cutting, aiming for a 20 per cent margin by 2020.

Unilever is certainly busy at the moment - it is also examining its dual-listed structure, which dates back to the 1930s when Britain’s Lever Bros merged with Dutch margarine manufacturer Unie.

Unilever rejected a £115 billion takeover bid from Kraft Heinz in February, as the bid was too low and takeover of little benefit. The company will also buy back £4.3 billion of shares in an attempt to smooth over irate investors after the bid rejection.

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