Unilever has announced that it is selling its edible oils business and palm
oil plantation interests in the Ivory Coast, and will instead invest in a soap
business in the country.
The Anglo-Dutch consumer goods firm has in place a strategy to focus on its core
businesses, and the sale of the edible oils business, which has an annual
turnover of €85m euros, is said to be part of this.
The buyers of the business plus Unilever's interests in palm oil plantations
Palmci and PHCI are Ivorian agro-industry company SIFCA and a 50:50 joint
venture between SIFCA and two companies based in Singapore, Wilmar International
and Olam International.
At the same time, Unilever is to acquire SIFCA soap subsidiary Cosmivoire, which
has an annual turnover of €45m and a presence in West Africa.
Buying this company is expected to boost Unilever's presence in the Francophone
Financial details of the ...