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Market: LSE
Sector: Food Producers
EPIC: ULVR
Latest Price: 2,027.00p  (1.00% Ascending)
52-week High: 2,191.00p
52-week Low: 1,806.00p
Market Cap: 26,015.71M
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Unilever
www.unilever.com
Unilever PLC is one of the parent companies of the Unilever Group (Unilever), which is a supplier of consumer goods across foods, and home and personal care categories
Full Unilever profile here
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Unilever to sell Italian frozen foods business Findus for €805 mln

19th Jul 2010, 12:46 pm Unilever to sell Italian frozen foods business Findus for €805 mln

Food manufacturer Unilever (LON:ULVR) gas agreed to sell its Italian frozen foods business Findus for €805 million to a company controlled by Birds Eye Iglo, which will now own the 4 Salti in Padella, Sofficini, Capitan Findus and That's Amore brands and a dedicated factory in Cisterna, Italy.

Unilever said that the deal put it in a stronger position to focus on its core categories outside frozen foods and achieve long term growth in Italy.

“Findus is the lynchpin of an attractive and profitable frozen foods business and I am confident that it will prosper under the dedicated resource and focused management that the new owners will bring,” said chairman of Unilever Italy, James Hill.

Sales of Findus Italy were €462 million in 2009.

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