date:Jul 26, 2012
Last week UB refused to comment on reports that it had completed the separation of its salty snacks and biscuits arms into two distinct units in preparation for a sale.
In March UBs owners, US private equity group Blackstone and French buy-out firm PAI Partners, were reported to have appointed the investment bank Credit Suisse to split the salty snacks business from the biscuit unit.
That process is now understood to have been completed, and it is expected the salty snacks division will be a