Soap Sell-Off Hopes Get Unilever Fans in a Lather ; Market Round-Up
Evening Standard - London › May 25, 2007
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Summary
UNILEVER'S global detergents operation, which includes Surf and Radiant, could soon be up for sale with a price tag of e3 billion (Pounds 2 billion). The move would please investors, who see a natural split between the consumer group's food and household cleaning brands, and attract the eye of private-equity groups hunting fresh acquisitions.
Brokers at Swiss-based bank UBS see a sale of the soap division as increasingly likely after sensing that Unilever boss Patrick Cescau is increasing the pace of change, particularly on disposals. In a note to clients today, the broker said the overall trading environment in emerging markets should remain favourable. It is advising clients to buy Unilever, up 1p at 1556p, ahead of various strategic moves and has lifted its target to 1770p from 1595p.See the full content of this document
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Soap Sell-Off Hopes Get Unilever Fans in a Lather ; Market Round-Up
In the wider market, the FTSE 100 index was down 24.3 at 6592.1, mirroring falls in Asia and on Wall Street overnight.
Roya...See the full content of this document
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