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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Unilever    ULVR   GB00B10RZP78

UNILEVER (ULVR)
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Unilever Buys Remgro's Stake in its South African Business

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09/22/2017 | 04:25pm CET

By Adria Calatayud

Unilever PLC (>> Unilever) announced Friday that it is buying Remgro Ltd.'s (REM.JO) 25.75% stake in Unilever South Africa Holdings (Pty) Ltd. in a deal valued at 11.9 billion rands ($894.0 million).

As part of the deal the owner of Dove, Domestos and Hellmann's brands will transfer its South African spreads business to Remgro and pay ZAR4.9 billion in cash. The transaction values Unilever's South African spreads business at ZAR7.0 billion.

Unilever South Africa Executive Vice President Luc-Olivier Marquet said the deal will give the company full ownership of the business, and make it better placed to accelerate that growth.

Shares in London at 1358 GMT up 17.50 pence, or 0.41%, at 4,279 pence.

Write to Adria Calatayud at [email protected]

Stocks mentioned in the article : Unilever
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Financials (€)
Sales 2017 53 824 M
EBIT 2017 9 336 M
Net income 2017 5 935 M
Debt 2017 17 433 M
Yield 2017 2,98%
P/E ratio 2017 22,92
P/E ratio 2018 18,99
EV / Sales 2017 2,96x
EV / Sales 2018 2,98x
Capitalization 142 B
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Unilever Technical Analysis Chart | ULVR | GB00B10RZP78 | 4-Traders
Technical analysis trends UNILEVER
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 51,2 €
Spread / Average Target 7,6%
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Managers
NameTitle
Paulus Gerardus J. Polman Chief Executive Officer & Executive Director
Marijn E. Dekkers Chairman
Graeme David Pitkethly Chief Financial Officer & Executive Director
David Blanchard Chief Research & Development Officer
Ann Marie Fudge Vice Chairman
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