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UNILEVER TO SELL AGRIBUSINESS OPERATIONS

 UNILEVER TO SELL AGRIBUSINESS OPERATIONS
 NEW YORK, Feb. 13 /PRNewswire/ -- Unilever today announced its


intention to withdraw many of its agribusiness operations. The decision follows a review of these businesses in the light of Unilever's overall strategy to focus on its core activities.
 Unilever believes that these businesses will have a better future in the ownership of companies which are dedicated to future growth and development in their specific areas. For this reason, they have been offered for sale.
 The businesses concerned had combined turnover of approximately $880 million in 1990 and employed in total about 4,000 people worldwide. They comprise:
 -- BOCM-Silcock group which manufactures and markets animal feeds
 in the United Kingdom and the Republic of Ireland;
 -- Malta Clayton animal feeds business in Mexico;
 -- Marine Harvest International with salmon farms in Scotland and
 Chile, and two prawn farming operations;
 -- Unilever's 76 percent interest in the AMI maize breeding business
 in Italy.
 Discussions concerning the Netherlands-based Barenbrug grass breeding business have led Unilever to offer its 60 percent shareholding to the minority partner.
 In accordance with prevailing accounting standards, a provision for the withdrawal from these business segments will be made in the 1991 accounts and will give rise to an extraordinary charge of approximately $106 million net of tax, including the reinstatement of attributable purchased goodwill. It will be included in the Unilever 1991 fourth quarter results which will also include extraordinary income from the disposal of 4P Group, as previously announced.
 Plant Breeding International Cambridge is being retained and will be integrated into Unilever's wider biotechnology research and development strategy in food raw materials. Because of their value to Unilever's other businesses, the plantations interests -- mainly tea and palm oil crops -- are also being retained.
 -0- 2/13/92
 /CONTACT: David Lustig of Unilever, 212-418-8836/ CO: Unilever ST: New York IN: SU:


JT-AH -- NY002 -- 9512 02/13/92 04:00 EST
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Publication:PR Newswire
Date:Feb 13, 1992
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