AMSTERDAM: AngloDutch consumer products group Unilever NV/Plc said yesterday it agreed to sell the bulk of its frozen foods business to private equity group Permira Funds for 1.725bil euros (US$2.2bil).
Analysts welcomed the selling price, which they said was at the high end of expectations, and urged the company to use proceeds to shore up its business or return cash to shareholders, rather than make any new acquisitions.
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