date:Aug 08, 2012
of the rest of the business, which is expected to fetch nearly $1bn, is not likely to be initiated until 2013, reported Financial Times recently, citing people familiar with the matter.
In July 2010, United Biscuits' owners, the US private equity firm Blackstone and the French buy-out firm PAI Partners, failed to sell the combined company for nearly 2bn.
Blackstone and PAI appointed JPMorgan and Goldman Sachs to sell United Biscuits, which attracted companies such as Kellogg's, Kraft Foods, Camp