Salem Radio Network News Thursday, December 2, 2021


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)


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