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Spanish firm’s biscuit branch still open to offers

15-Oct-2008

Related topics: Markets

Spanish food group SOS Cuetara said on Tuesday that the sale process for its biscuit unit is still open and generating interest, according to a Reuters report.

The company raised the possibility of selling the division last month, partly in order to finance its €630m purchase of Italian olive oil company Bertolli from Unilever in July. Cuetara’s biscuit division is reported to have been valued at €238m.