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Unilever to sell its Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 bn

Christian Fernsby |
Unilever announced that it has entered into an agreement to sell its Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 billion on a cashfree, debt free basis.

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Completion of the transaction is subject to completion of works council consultation processes and the receipt of certain regulatory approvals. Completion is expected in the second half of 2022.

The transaction perimeter excludes Unilever’s Tea business in India, Nepal and Indonesia as well as Unilever’s interests in the Pepsi Lipton ready to drink Tea joint ventures and associated distribution businesses.


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