02:55 PM EDT, 03/21/2024 (MT Newswires) -- Unilever ( UL ) and its advisers Morgan Stanley and JPMorgan are seeking interest from private equity groups for the consumer-goods company's ice cream division, the Financial Times reported Thursday, citing people familiar with the matter.

Deliberations are still at a preliminary stage, the report said.

The business, which includes brands such as Wall's, Magnum and Ben & Jerry's ( UL ), may be valued at 10 billion euros ($10.9 billion) to 15 billion euros, the report said.

CVC may explore a bid, according to people familiar with discussions, the report said.

Unilever ( UL ), Morgan Stanley, JPMorgan and CVC declined to comment, the FT said. They did not immediately reply to requests for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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