Unilever ups Strauss Ice Cream stake to 90%

The Strauss family sold most of its remaining shares in the division.

The Strauss family has sold an additional 39% of Strauss Ice Cream to Unilever NV (Euronext; NYSE: UN), reducing its stake in the firm to 10%. The sale boosts Unilever's stake in the company from 51% to 90%.

Strauss Ice Cream is Israel's largest ice cream maker, with a 47% market share.

Anglo-Dutch Unilever is the world's largest producer of food and household consumer products, operating in 150 countries worldwide, including Israel.

Published by Globes [online], Israel business news - www.globes-online.com - on April 26, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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