date:Aug 08, 2012
separate its salty snacks business ahead of a 500m sale, according to industry sources cited by the Financial Times.
Mintel Marcia Mogelonsky previously speculated that the UB would split could be in order to facilitate a sale.
UB has previously denied these reports to BakeryAndSnacks.com, but know claims UB will be sold.
Blackstone Group LP and PAI Partners failed in a bid to sell its joint biscuit and salty snacks business for 2bn to Chinese firm Bright Foods in 2010.
Mogelonsky told this