Kraft Heinz may buy Unilever's food division - report (translated)
22 FEB 2017
Kraft Heinz may buy Unilever's food division, according to a report by Dutch daily Het Financieele Dagblad that cited discussions with several industry analysts.
The report said that turnover in Unilever's food division is lagging behind other parts of the conglomerate and only brings in a quarter of Unilever's turnover. The food division brought in turnover of EUR 6.3bn out of a total of EUR 26.3bn in 1H16.
The report says a takeover of the food division might be leverage for acquiring the entire company.
Unilever's growth is mostly in domestic and personal care products and the company could gain in value if it chooses to move further into that business sector, the report said.
Unilever last weekend rejected a EUR 134bn takeover offer from Kraft Heinz.