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Story summary
- McCormick will buy Unilever’s food division in a $65 billion deal, creating a top global food company.
- Storebrand and Union Investment will demand deforestation-free sourcing, traceability and a complaints system from the combined firm.
- Unilever will keep about a 10% stake, hold four board seats, and is exempt from detailed EU sustainability reporting for McCormick.
- Sustainalytics rates McCormick medium-risk for lacking a no-deforestation pledge, which the company says it is updating.
