Sara Lee to sell French baked goods unit Eurodough

American consumer goods company Sara Lee is in talks with potential buyers to sell its French baked goods unit Eurodough as part of its effort to divest its international bakery units.

Private investment firms Trilantic Capital Partners and Sagard are likely to post final bids for Eurodough, according to sources familiar with the matter.

Eurodough, which produces and sells ready-to-cook pastry products for professionals, consumers, and retailers in Europe, is valued between €100m ($137.56m) and €150m ($206.34m).

The unit, which was previously owned by Anheuser Busch, was acquired by Sara Lee in 2001 and has three production facilities in France.

Last month, Sara Lee completed the sale of its fresh bakery business in Spain and Portugal to Mexican food company Grupo Bimbo for $709m.

In January 2011, Sara Lee announced that it will split the company into two publicly traded companies, one focused on international coffee and tea business, and the other on North American meat brands.

Rabobank is advising Sara Lee on the deal.