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Unilever prepares 6 bln stg sale of food brands - newspapers

Reuters - UK Focus

LONDON, March 18 (Reuters) - Unilever (NYSE: UL - news) is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday (Shenzhen: 002291.SZ - news) , without citing sources.

The Anglo-Dutch company is planning to sell Flora margarine and Stork butter brands, the Sunday Times said. The Sunday Telegraph, which also cited a 6 billion pounds figure, said unnamed parties were preparing to buy the brands.

The maker of Knorr soups, Dove soap and Ben & Jerry's ice cream rebuffed a surprise $143 billion takeover offer from Kraft Heinz last month.

The company has launched a business review to consider returning cash to shareholders, making medium-sized acquisitions and more aggressive cost cuts, the Financial Times reported on Wednesday. ($1 = 0.8068 pounds) (Reporting by Andy Bruce; Editing by James Dalgleish)