Bloomberg: Grupo Bimbo leads bid for Sara Lee unit

Downers Grove / IL. (bn) Grupo Bimbo S.A.B. de C.V. is the likeliest buyer for Sara Lee Corporation´s one billion USD North American bakery business, Bloomberg News reported this week, citing two people with knowledge of the bidding. Any agreement is likely to be a few weeks away and a deal could still fall through in late stages, according to the people, who added that some private-equity funds are also looking at the bread business. New York-based Ripplewood Holdings´ LLC earlier interest in Sara Lee has cooled, the sources said.

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