Unilever N.V.
UNILEVER AND AD VAN GELOVEN EXPECT TO REACH AGREEMENT ON SALE OF MORA
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The issuer is solely responsible for the content of this announcement.
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UNILEVER AND AD VAN GELOVEN EXPECT TO REACH AGREEMENT ON SALE OF MORA
Unilever today announced that it intends to sell Mora to snack producer Ad van
Geloven for an undisclosed sum. Talks between the two parties have reached an
advanced stage and consultation with the works council and trade unions about
the transfer will start soon. This will enable the works council to give its
advice and agreements to be reached with the trade unions about an equivalent
package of employment conditions. The agreement is subject to approval by the
competition authorities.
The majority shareholder of Ad van Geloven is investment company, Egeria. Ad
van Geloven also owns the Van Lieshout snack brand, which was acquired from
Unilever in 2002.
The proposed transaction relates to the Mora brand, the factories in
Maastricht and Mol (Belgium), and the marketing and sales activities of Mora
within Unilever. A total of 600 people work at Mora.
End of announcement (c)DGAP 20.12.2005
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WKN: 860028 ; ISIN: NL0000009348; Index:
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