Unilever puts margarine division up for sale

The Dutch-British consumer products giant said it is putting its underperforming margarine division up for sale.
The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017.
The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017.

THE HAGUE: After spurning a takeover bid by rival Kraft Heinz, Dutch-British consumer products giant Unilever said Thursday it is putting its underperforming margarine division, which includes the Flora brand, up for sale.

"We have now taken the decision to launch a process to either sell or demerge Spreads," it said.

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The New Indian Express
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