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India/UK: Food giant Unilever makes fierce offer for subsidiary

By  |  May 1, 2013

Unilever, one of the world’s leading consumer goods conglomerates, has reportedly make a $5.4 billion offer to increase its share in its India-based Subsidiary, Hindustan Unilever. The move would place 75 percent control of the subsidiary in the Anglo-Dutch firm’s hands, 22.5 percent more than it currently owns. According to the company, the move is part of a larger effort to expand its presence within “emerging markets,” and is a deal that recognizes the potential growth within India – most notably for the nation’s high volume of consumption.

Full Content: Gulf Times

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