‘Unilever to start buying spree’

Unilever is looking at a string of takeovers as part of a European expansion plan, the Sunday Times reports, without quoting sources.

The paper says Alpro Soya, a Belgian-based company and one Europe’s largest manufacturers of yoghurts and soya milk, is expected to sell for 200 million pounds sterling.
Russian company Baltimor, which makes ketchup, is also expected to be bought in the coming weeks, the paper says.
Unilever is also one of the bidders for parts of Sara Lee’s European household and personal care business, it claims.
The Times says Unilever has a ‘big cash pile’ after previous CEO Patrick Cescau cleaned up the company’s vast product portfolio.

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