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
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