Unilever to Sell Spreads Business to KKR for $8.1 Billion

By Dimitrios KontosFeaturesDow Jones Newswires

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

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.

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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)