Unilever announces plans to sell margarine business


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Unilever has made the decision to sell its margarine business, this includes famous brands such as Flora and Stork.

The decision comes as part of a wide-ranging review.

Analysts believe the sale could fetch $6bn (£4.8bn).

Unilever is also thinking about changing its status as a dual-listed company in two countries.

Paul Polman, told the BBC’s Today programme: “We always have worked our operational model and driven efficiency,”

He also spoke of how Unilever would not be changing its long-term business model.

Polman said that the company is set to step up its cost-cutting measures, it’s aiming for a 20 per cent margin by 2020.

He said the margarine business is a “declining segment.”