Blackstone, PAI Look to Exit United Biscuits

Blackstone and PAI Partners, which are looking to exit their investments in United Biscuits, may break up the business, Reuters reported, citing news in the Sunday Times. United Biscuits makes Hula Hoops and Jaffa Cakes. The two private equity firms plan to begin talks about selling United Biscuits at the end of the year.

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