KKR wins auction for Unilever’s spreads business, say sources: Reuters

Private equity firm KKR (KKR.N) is in exclusive talks to buy Unilever’s (ULVR.L) margarine and spreads business, people familiar with the matter said on Friday, in a deal expected to top $7 billion.

KKR prevailed in an auction for the business and could finalize a deal as early as this month, the sources said, asking not to be identified because the discussions are confidential.

KKR and Unilever did not immediately respond to requests for comment.