Unilever to deliver new package to Brussels

- Last updated on GMT

Related tags: Anglo-dutch consumer products, Consumer products group, European union, Unilever

Unilever, the Anglo-Dutch consumer products group, could be forced
to sell the famous Oxo brand as the price to pay for EU approval of
its $20 billion...

Unilever, the Anglo-Dutch consumer products group, could be forced to sell the famous Oxo brand as the price to pay for EU approval of its $20 billion (£14 billion) acquisition of America's Bestfoods. The Times reported yesterday that antitrust regulators in Brussels have given Unilever until the end of this week to offer fresh undertakings. The Oxo brand could be included in a new package of concessions being demanded by Brussels. Areas of concern are believed to be the market for stock mixes, soups in Germany, sauces and dressings in France and cooking oils. Unilever expects to make disposals worth up to $4 billion as part of the deal.

Related topics: Market Trends

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