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PZ Cussons to bid for Sara Lee: report


    LONDON (Reuters) - Britain's PZ Cussons has made it onto the shortlist of bidders for the European household and personal care business of U.S. consumer goods group Sara Lee , the Sunday Times reported without citing sources.

    The newspaper said PZ Cussons, the maker of Imperial Leather soaps, joins larger rivals Reckitt Benckiser , Unilever , Colgate-Palmolive on the shortlist.

    Sara Lee has put a price tag of between $3 billion and $3.5 billion on the business, which includes brands such as Kiwi shoe polish, Brylcream hair styling products and Sanex deodorant, the paper said.

    Stockport-based PZ Cussons, was not immediately available for comment. A spokesman for Sara Lee in Europe said it was not company policy to comment on media speculation.

    (Reporting by Victoria Bryan)