Unilever to sell tea business, including Lipton, for 4.5 bn euros
The sale to private equity group CVC Capital Partners comes as Unilever seeks higher growth opportunities elsewhere, chief executive Alan Jope said in a statement.
- Economy
- AFP
- Published Date: 08:21 | 18 November 2021
- Modified Date: 08:21 | 18 November 2021
British consumer goods group Unilever on Thursday said it had agreed to sell its global tea business, including brands Lipton and PG Tips, for 4.5 billion euros ($5.1 billion).
The sale to private equity group CVC Capital Partners comes as Unilever seeks higher growth opportunities elsewhere, chief executive Alan Jope said in a statement.
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