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Officials at Unilever, Reckitt and Morgan Stanley declined to comment. Goldman was not immediately available to comment. The appointments give a boost to Morgan Stanley, which has recently had some high-level departures, including this month's loss of Michele Colocci, chairman of M&A for Europe, the Middle East and Africa, to JP Morgan (JPM.N). Morgan Stanley has also dropped to sixth place in first-quarter European M&A league tables from second in the year-earlier period, according to Thomson Reuters data. Still, it topped global M&A rankings in the first quarter, thanks to its North American franchise. Unilever's spreads business, which could have a price tag of around 6 billion pounds, will be mainly pitched to private equity firms, the sources said, as they are likely to appreciate the business's strong profits despite sales that have fallen as people in developed markets eat less bread and margarine. Unilever has already received calls from several such firms, Chief Financial Officer Graeme Pitkethly told Reuters in an interview last week. In 2015, Unilever reorganised the spreads business into a separate entity, sparking widespread speculation it would be sold. Unilever executives have since said they were assessing the business and working to stabilise its sales, and sources said Goldman was helping on the review. But Unilever did not officially announce a sale of the spreads business until last week as part of a radical review following February's unsolicited $143 billion takeover offer from Kraft Heinz (KHC.O).
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