Shell Energy Entrepreneurs banner Yudala banner
Unilever strikes deal over South African spreads business

By News Express on 24/09/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 468


Unilever and South African investment holding company Remgro on Friday announced a 11.9 billion rand ($901 million) deal that sees Unilever trade its spreads business in southern Africa for Remgro’s stake in its South African subsidiary.

The Anglo-Dutch consumer goods maker said it would acquire Remgro’s 25.75 percent shareholding in its South African subsidiary in exchange for the spreads business in southern Africa and cash of 4.9 billion rand ($371 million).

The deal values the spreads business at 7 billion rand ($530 million), representing a multiple of 13.4 times core earnings (EBITDA).

The deal is the first step in Unilever’s exit of its shrinking spreads business, a move it promised earlier this year following an unsolicited $143 billion takeover offer from Kraft-Heinz. (Reuters)

Source News Express

Posted 24/09/2017 8:44:39 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
APC blames PDP for bombing of Rivers High...

Weatherman forecasts isolated thunderstorms and rainfall across the...

How the Premiership battles ended (Plus the table)...

Cross River to sue FG for N3 trillion...

8th National Assembly: New Reps vow to resist...

2015: Buhari, Tinubu, Fashola top list of possible...

Minister assures small scale entrepreneurs of FG’s support...

Kano Governor dissolves cabinet, sacks all political appointees...

Ekweremadu replies EFCC on Anti-Corruption Ambassador Award

Between Abacha and Ifeajuna, by OLUSEGUN ADENIYI

Judge bans divorce during Ramadan

Shortage of water supply soon to be a...

 

Latest News Senate Gives IGP 14 Days To Arrest Perpetrators Of Benue Attacks FCTA demolishes Patience Jonathan’s property Trump makes U-turn on ‘shithole’ comment Police Arrest Cleric With Human Parts In Lagos Malaria, malnutrition major killer of children under 5 years EFCC re-arraigns ex-FCT Minister, others over fraud House of Reps to probe fuel subsidy re-introduction Presidency Replies Bakare, Says Buhari’s Administration Is ‘On Course’ Court Adjourns Trial Of Ex-Abia Governor, Orji Kalu Crackdown fear weakens Bitcoin Man divorces wife after 44 years of marriage based on information received in his dream Rice farm: Bayelsa community disowns ex-militant leader, demands his arrest

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (314,414 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (303,498 views) Shameless Genevieve Nnaji exposes breasts in public (243,722 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (200,885 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (189,623 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (178,877 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,156 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (139,058 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (135,803 views) Lagos plane crash: Journalist releases victims’ names (124,101 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (121,233 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (118,667 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,849) Business Verdict (32) Columnists (790) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,739) Interviews (139) Live Commentary (28) Love Matters (100) News (31,935) Opinion (864) Pidgin (10) Politics (4,350) Religion (666) Sports (1,405) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Thierry Henry in Lagos Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!