Sara Lee considering bid for EuroDough

Sara Lee is considering a €115 million offer from Franco-Canadian private equity firm Sagard for EuroDough, the company’s French refrigerated dough unit.

Sara Lee expects to close the deal within 90 days, subject to regulatory clearance and consultations with French work councils.

The company is selling EuroDough as part of a broader effort to divest its international bakery units. They include its fresh bakery business in Spain and Portugal, acquired by Mexico’s Grupo Bimbo last month.