Unilever PLC
20 December 2005
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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