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Unilever to sell spreads business to KKR for $8 billion

LONDON:¬†Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products. The maker of Knorr soup and Dove soap announced the deal on Friday, hours after Reuters reported that KKR had entered exclusive talks to buy the shrinking business after outbidding rivals. The brands to be sold include Becel, Flora, Country Crock and Blue Band. Unilever put the business up for sale in April, following a review of its…

Brilliant McCullum sets T20 Blast record

LONDON: New Zealand captain Brendon McCullum's explosive hitting saw him set a new record in the English T20 Blast competition on Friday with a blistering 158 not out off 64 balls for his county Warwickshire.