Salem Radio Network News Thursday, December 2, 2021

Business

Unilever strikes $5 billion deal with CVC for tea business – FT

(Reuters) – Private equity firm CVC Capital Partners has agreed to buy Unilever’s tea business for 4.5 billion euros ($5.1 billion) after outbidding rival groups Advent and Carlyle, the Financial Times reported on Thursday, citing two sources.

The London-listed consumer goods company had been reviewing options for its global tea operations, home to PG Tips and Lipton brands.

Unilever and CVC were not immediately available for a comment.

($1 = 0.8814 euros)

(Reporting by Pushkala Aripaka and Siddharth Cavale in Bengaluru; Editing by Shinjini Ganguli)

Previous
Next

Editorial Cartoons

View More »

Steve Breen
Thu, Nov 25, 2021

X CLOSE