July 10 - Unilever today announced that it has signed a definitive agreement to sell Komili, the market leading olive oil brand in Turkey, for an undisclosed amount to Ana Gida, part of the Anadolu Group.
The transaction, which is subject to regulatory approval, is expected to close in 2008.
Komili generated approximately EUR 26m in turnover for Unilever in 2007.
The transaction is part of Unilever's announced plans to dispose of non-strategic brands, with collectively more than EUR 2 billion in turnover.
About Unilever
Unilever's mission is to add vitality to life. We meet everyday needs for nutrition, hygiene and personal care with brands that help people feel good, look good and get more out of life.
Unilever is one of the world's leading suppliers of fast moving consumer goods with strong local roots in more than 100 countries across the globe. Its portfolio includes some of the world's best known and most loved brands including twelve EUR1 billion brands and global leadership in many categories in which the company operates. The portfolio features brand icons such as Flora, Bertolli, Dove, Lux, Pond's, Lynx, Sunsilk, Persil, Cif and Domestos.
Unilever has around 174,000 employees in approaching 100 countries and generated annual sales of EUR40 billion in 2007.