KKR Wins Auction to Buy Unilever Spreads Business -Financial Times

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Kohlberg Kravis Roberts, or KKR, has won the auction to acquire Unilever's (UN) spread business, the Financial Times reports, citing two sources.

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--The private-equity company is seeking to finalize the deal, which is expected to be valued at about $7 billion, and includes Flora margarine and other international brands, the FT says.

--CVC Capital Partners and Apollo Global Management also made offers, it adds.

Full story: http://bit.ly/FT-KKR

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December 15, 2017 11:19 ET (16:19 GMT)