Unilever is to sell its margarine business, including Flora and Stork. It comes as part of a review at the Anglo-Dutch firm, which recently saw off a takeover bid from US food giant Kraft Heinz. The sell-off could fetch $6bn (£4.8bn).
Unilever is also studying whether to change its status and looking at the wider “legal structure” of having bases in both the UK and the Netherlands because of the increased cost and complexity that comes with supporting two corporate structures, however, having dual structures can be useful defences against takeover bids.
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If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact our Oldham commercial solicitors.
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