Unilever sells palm oil interests while investing in soap

Published: 25-Jun-2008

Unilever has announced the sale of its edible oil business in Côte d’Ivoire, alongside its interests in local oil palm plantations, Palmci and PHCI in a 50-50 joint venture between SIFCA and two Singapore-based companies, Wilmar International Ltd and Olam International Ltd.

Unilever has announced the sale of its edible oil business in Côte d’Ivoire, alongside its interests in local oil palm plantations, Palmci and PHCI in a 50-50 joint venture between SIFCA and two Singapore-based companies, Wilmar International Ltd and Olam International Ltd.

Staying on track with its on-going strategy of increasing its focus on core business areas, Unilever has at the same time announced the acquisition of the West African soap business Cosmivoire, a subsidiary of SIFCA, an agro-industry company.

The deal is thought to be completed by the end of 2008 but is still subject to approval from the regional authorities.

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