LONDON (dpa-AFX) – The possible sale of its food business could bring billions into the coffers of consumer goods company Unilever. Unilever announced on Tuesday in London that it was in advanced discussions with McCormick & Co (McCormickCo). A cash payment of 15.7 billion US dollars (13.7 billion euros) is currently planned for a merger. The majority of the sale will be paid for in the form of McCormick shares. A conclusion is still uncertain. If the deal goes through, Unilever wants to hold 65 percent of the merged company.
Unilever confirmed negotiations with the US spice manufacturer almost two weeks ago. The British have food brands such as Knorr, Pfanni and Mondamin in their range. According to Unilever, the business in India is not for sale.
McCormick & Co is one of the world’s largest spice manufacturers and offers, among other things, the Cholula seasoning sauce in America. In Europe, the spice manufacturer is represented in France, Great Britain and the Netherlands./lew/err/jha/
By the way: McCormick and other US stocks can even be traded on finanzen.net ZERO until 11 p.m. (without order fees, plus spreads). Open a depot now for free and secure a new customer bonus!
Selected leverage products on McCormick
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on McCormick
The leverage must be between 2 and 20
Advertising
