Private Equity firm BlackRock BX is looking to sell United Biscuits, the iconic UK consumer goods company, which could raise more than 2 billion pounds after the sale is completed, according to this report.
United Biscuits, which also makes McVitie's Digestives, Penguin and Twiglets, is separated into a snacks and a biscuit division. Blackstone and PAI will appoint bankers to undertake a strategic review of the company. Goldman Sachs, JP Morgan and Credit Suisse were invited to Blackstone's London headquarters to discuss this on Tuesday.
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