Unilever Allocates $1.7 Billion a Year for M&A With US Focus, Says CEO
Unilever is allocating about 1.5 billion euros ($1.74 billion) a year for mergers and acquisitions, focusing heavily on deals in the United States, CEO Fernando Fernandez said on Tuesday.
The group finalised the demerger of its ice cream business as The Magnum Ice Cream Company listed in Amsterdam on Monday and Fernandez, speaking at an event hosted by JPMorgan, said Unilever's second-half operating margin after the separation would be at least 19.5%, up from 18.5% including ice cream...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.