« Back to article

Print this article

Big deal! P&G keen to gobble up Unilever for $62 bn

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 ($ 62 billion) bid for its biggest rival Unilever.

Click NEXT to read on

Big deal! P&G keen to gobble up Unilever for $62 bn

Wild rumours are doing the rounds that Procter & Gamble (P&G) could make a mega offer for Unilever, according to British publication Daily Mail.

Click NEXT to read on

Big deal! P&G keen to gobble up Unilever for $62 bn

There are "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)," the report said.

Click NEXT to read on

Big deal! P&G keen to gobble up Unilever for $62 bn

"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," it noted.

Click NEXT to read on

Big deal! P&G keen to gobble up Unilever for $62 bn

Both P&G and Unilever have significant presence in the fast-growing Indian FMCG market. The publication said that P&G's last major corporate deal was the 1.4 billion pounds sale of its Pringles crisps business to Diamond Foods.

Click NEXT to read on

Big deal! P&G keen to gobble up Unilever for $62 bn

"Unilever's last big purchase was the 2.3 billion pounds acquisition of Alberto Culver, the company behind the likes of VO5, Tresemme and Simple," the report added.