Sara Lee Corp. announced an agreement to sell its fresh bakery businesses in Spain and Portugal to Mexico’s Grupo Bimbo S.A.B. de C.V. for approximately $154 million. The agreement includes all Sara Lee fresh bakery brands in Spain and Portugal as well as seven manufacturing facilities.
Sara Lee Corp. is considering a binding offer from Sagard for the sale of EuroDough (Sara Lee’s European chilled dough business) for a purchase price of approximately $159 million.