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Sara Lee to pay off up to US$ 1 billion in debt and split from coffee division

Sara Lee has announced plans to pay off up to US$ 970 million in debt and is preparing to split from its coffee and tea division, which sells brands Dowe Egberts, Senseo and Moccona.

The company will split up in order to focus on growth of its meat unit, which will be modernizing products for the domestic market in the United States. The split is expected to be completed in late June, the company said.

Information provided by Bloomberg

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