02:24 PM EDT, 07/19/2024 (MT Newswires) -- (Updates with more details in the fourth paragraph in addition to Unilever's ( UL ) response and requests for comment in the fifth paragraph.)

Unilever ( UL ) has commenced initial discussions about a potential sale of its ice cream business, worth as much as 15 billion British pounds ($19.37 billion), with interested parties, Bloomberg Reported.

The company has started holding presentations with potential bidders, people familiar with the matter told Bloomberg. Unilever's ( UL ) ice cream business has famous names like Ben & Jerry's ( UL ) and Magnum.

Advent International, Blackstone (BX), Cinven and CVC Capital Partners have shown preliminary interest, while Clayton Dubilier & Rice and KKR (KKR) have been studying the business, Bloomberg reported.

The official sale process is likely to begin in H2 with no finalized agreements, the report added.

Unilever ( UL ) declined to comment on the matter while Advent International, Blackstone, Cinven, and CVC Capital did not immediately respond to requests for comment from 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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