Plans to takeover Unilever’s cooking oil business suspended

 WILMAR Africa’s intended takeover of the cooking oil business of consumer goods giant, Unilever may not be realized for now.

According to the original takeover plan the process should have been concluded by end of this month.

However a shareholder in Unilever who appears not to be satisfied with the offer from the new owners and fearing that his interest might be diluted has taken the matter to court.

WILMAR, the Asian agribusiness giant wants to acquire a 60 percent stake in the Benso Oil Palm Plantation and all its oil processing activities which includes Unilever’s Frytol cooking oil brand.

According to Unilever, it wants to better focus on its core consumer business hence the decision to depose its interest in BOPP.


Source: Joy Business/Ghana