United Biscuits may be broken up as its private equity owners plan to revive attempts to sell the U.K. food manufacturer, The Sunday Times reports without citing sources.
The move could see the group's biscuits business, including the McVitie's brand, separated from its snacks division, the report said. Advisers Goldman Sachs Group Inc. and JP Morgan will start a process in the coming months, it added.
Blackstone Group LP and PAI Partners have earmarked the end of the year to begin new sale talks for privately owned United Biscuits, which is the U.K.'s biggest biscuit producer, the newspaper said. The two firms bought the group in 2006 for GBP1.6 billion.