UNQUOTE

UK - Blackstone and CapVest court Unilever's frozen foods

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Unilever is selling off its frozen foods division in an auction which is expected to value the Birds Eye and Findus producer at approximately ТЃ1bn, according to the Times. The auction is being run by Goldman Sachs with Blackstone and CapVest favourites to acquire the business. Lion Capital is also understood to be making a bid.

The sale has caused speculation that Unilever may also sell its home-cleaning division which includes the brands Domestos and Cif. Campbell Soup is also selling its UK and Irish grocery brands in an attempt to rationalise its business. Lion Capital, RHM and Premier Foods have all made first round offers for Campbell's grocery brands.
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