London In what could be one of the biggest deals in the global FMCG sector, consumer goods giant Procter & Gamble is rumoured to be lining up a 38 billion pounds bid for its biggest rival Unilever.
There are alt39 wild rumours from across the pond that Procter & Gamble could be lining up a mega 38 billion pounds or 30 pounds a share break- up bid for one of its biggest rivals ( Unilever),alt39 the report said.
alt39 As sceptics quickly said that anti- trust authorities would not take kindly to such a deal, they heard whispers that P& G has apparently already lined up buyers for parts of Unilever it does not want or would have to sell to placate competition authorities,alt39 it noted.
Both P& G and Unilever have significant presence in the fast- growing Indian FMCG market.
The publication said that P& Galt39s last major corporate deal was the 1.4 billion pounds sale of its Pringles crisps business to Diamond Foods.
alt39 Unileveralt39s last big purchase was the 2.3 billion pounds acquisition of Alberto Culver, the company behind the likes of VO5, Tresemme and Simple,alt39 the report added.
P & G has apparently already lined up buyers for parts of Unilever it does not want or would have to sell to placate competition authorities" According to British publication Daily Mail