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Nestlé has been reported to have submitted an offer for Quorn, food free range meat, by Thursday its subsidiary Osem group. SSO is majority shareholding company Nestlé specializing in ethnic foods.

It is believed that Quorn could be sold for as much as 230 m ￡. JP Morgan bankers are supposed to have been appointed to Advisor Nestle acquisition.

In October, the Prime Minister has said "he had received some approaches that may or may not lead to a sale of [our] business free of meat, including the Quorn".

A sale of the division would contribute to reducing the piles of debt first Minister ￡ 1. 6bn. Food company, which has accumulated huge debts when it acquired RHM and Campbell United Kingdom soups and Ireland business in 2006, has seen its share price falling over the last few years.

The actions of the Prime Minister, that is passed in by 300 percent at the beginning of 2007, were languishing in between 18% and 40 recently.

The Prime Minister Foods closed 2 18?p above.

The premier Foods has recently been appointed Prime Minister Ronnie Bell, former President of Kraft Foods Europe as President to help society

Reports suggested yesterday that Robert Schofield, Chief Executive Officer can resign next year.

In a statement issued Friday, the Premier Foods said: "the premier Foods confirms received offers a number of parties, including the multinational food groups and corporate capital." Discussions are continuing and are advanced with both parties.

"There is no guarantee that the sale of his business free of meat will be held." Ads will be when appropriate. ?

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Comments will be driving more fears of inflation, as costs of transport of goods of consumption tends to increase with the price of oil.

Brent crude rose $2.06 to $85.21 as signs on Saudi Arabia to exit plans can have a tremendous impact on the volatile oil market.

Ali al-Naimi, the Minister of oil, said at a Conference at Singapore: "consumers are looking for the price of oil around $70, but hopefully less than $90." ""It is almost an anchor now for the price.?

Analysts quickly pointed out that this range $70-90 is superior to the previous window of $70-$80 quoted by the comfortable Gulf nation.

Countries including Saudi Arabia, Nigeria and Venezuela Iran, OPEC oil-producing agreement have the power to limit the output and raise prices or restrain prices by producing more.

Oil has increased in recent months about the weakness of the dollar as investors turn to the goods as an alternative asset.

Since last year it has been trading in a narrow band of $ 70 to $ 80 as demand remains slow, while the world emerged from the recession.

It has not touched the peak of $147 per barrel in July 2008 or fall at the lower of $40 for the recession.

However, gasoline prices reached record high in may on the tax increases and a pound of faible.Ils bounced again this month due to a French refineries blocking as demonstrators have limited access to supplies.

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