20 March 2006
UNILEVER SELLS MORA TO AD VAN GELOVEN
Rotterdam, 20 March.- Unilever and Ad van Geloven have reached a definitive
agreement on the sale of Mora, a Unilever subsidiary. The intention to sell Mora
was announced on 16 September 2005. On 20 December 2005 it was announced that
talks had started between Unilever and Ad van Geloven. The sale was conditional
on the advice of the works council and approval by the competition authorities.
The sale comprises the factories in Maastricht and in Mol (Belgium) and the
marketing and sales activities. In total some 600 people work for Mora; its
turnover amounts to around 100 million euros.
This information is provided by RNS
The company news service from the London Stock Exchange