date:May 29, 2012
The snack business, which is valued at around 500m, is also expected to attract interest from private-equity firms as well as other food companies.
The owners of United Biscuits - the US private equity firm Blackstone and the French buy-out firm PAI Partners - are expected to initiate the formal process of selling the salty snacks division in September.
The sale will be run by Credit Suisse, while the auction process is expected to involve two rounds of bidding, reported the Financial Times.