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Unilever’s Russian assets have been valued at between Rbs35bn and Rbs40bn ($394m and $449m), a source told RBC.
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IDC manufactures some of the most recognisable sweet snack brands across Slovakia, the Czech Republic, Poland and Hungary.
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Netherlands-based Vion is refocusing its operations on the Beneleux markets.
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UK-based ABF, which owns the household Australian bread brand Tip Top, revealed the acquisition in a trading update.
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The King Island Dairy operation in Tasmania has been under review since last November.
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An agreement between Müller and Graal’s private-equity owners was announced in February 2023.
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The deal is Vafo’s fourth since April 2023.
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Further pricing is still on the cards, although selectively, and particularly in chocolate due to cocoa.
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