Unilever will make large takeovers in near future - report (translated)
Unilever [LON:ULVR] [AMS:UNA] will be doing large takeovers in the near future, reported Het Financieele Dagblad based on unnamed sources. The headhunter that is hired to find a successor for CEO Paul Polman is looking for someone who is able to do transforming takeovers, sources said.
The new takeovers will be of the scale of Bestfoods, earlier this century, the report said. Bestfoods was acquired by Unilever for over EUR 24bn, which makes it the largest takeover in Unilever's history. Earlier this year, a takeover attempt of Kraft Heinz [NASDAQ: KHC] had failed. According to sources with knowledge of the company, the conglomerate realises those kind of takeovers are necessary, the report said.