Unilever Weighing Up Sale Of Italian Frozen Food Business

The Financial Times has reported that Anglo-Dutch consumer goods giant Unilever is considering selling its Italian Frozen food business. A sale could raise up to EUR800mn with Birds Eye Iglo and the Findus Group cited as possible bidders. Unilever has already divested its other European frozen food units as it looks to focus on faster growing segments. The Italian frozen food unit was retained because of its strategic importance and overall contribution to Unilever's Italian sales. However, with the firm's other Italian businesses having increased their market position, it is said to now see the unit as expendable and a

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