Unilever Plc is accepting bids for its margarine division until Oct. 19, with interest mainly coming from investment funds, Retail Detail reported Oct. 9, citing Dutch-language media.
The consumer goods giant put the division up for sale in the spring, and reportedly expects it to fetch between €6 billion and €7 billion.
Investment funds including Blackstone Group LP, CVC Capital Partners and GIC Pvt. Ltd. have expressed interest in making an offer, according to the report.
The company recently agreed to a deal to exchange its spreads business in South Africa for investment holding company Remgro Ltd.'s stake in Unilever's South African unit.