Unilever to Sell Spreads Business to KKR for $8.1 Billion

By Dimitrios Kontos Features Dow Jones Newswires

Unilever PLC said Friday that it would sell its global spreads business to KKR & Co. L.P. for $8.1 billion.

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The spreads business of the Anglodutch company -- including such brands as Flora, Country Crock, Blue Band, I Can't Believe It's Not Butter, Rama and ProActiv.

Nicolas Liabeuf, the chief executive of the spreads division, will continue to lead the business, the company said.

(More to come)

(END) Dow Jones Newswires

December 15, 2017 12:35 ET (17:35 GMT)