Reuters reports that private equity firms Blackstone Group LP (BX.N) and PAI Partners are considering selling Britain's United Biscuits for more than 2 billion pounds ($3.06 billion). Reuters refers to a person familiar with the matter.
Blackstone and PAI Partners reportedly have spoken to banks but have yet to pick advisers for a possible sale, which would probably begin after the European summer holidays and wrap up early in 2011.
United Biscuits reported a 13.7 percent rise in earnings before interest, tax, depreciation and amortisation (EBITDA) last year to 223.4 million pounds, on revenues up 5 percent at 1.26 billion.
