CVC Leads Bidding for $5 Billion Unilever Tea Unit

Bloomberg2021-11-18

Unilever Plc, the owner of Lipton and PG Tips, is nearing a sale of some tea assets to buyout firm CVC Capital Partners in one of the year’s biggest carveouts by a European company, people with ...

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nickg
2021-11-19
nickg
Nixe
超级白
2021-11-18
超级白
Hw
- WhiteRabbit回复AnaiAnai:
  ok
- AnaiAnai:
  yea
- 1521yes:
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e13v3n
2021-11-18
e13v3n
pl like
- 超级白:
  xx

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The transaction is set to value the business at around 4.5 billion euros ($5.1 billion), the people said.\nThe deal could be announced in the coming days, the people said. Unilever shares rose in London trading Thursday, reversing early morning losses, and were up 0.1% at 1:06 p.m. in the British capital.\nRepresentatives for Unilever and Advent declined to comment, while a spokesman for CVC didn’t immediately respond to requests for comment.\nA sale of the tea business would mark a much-needed win for Unilever Chief Executive Officer Alan Jope, who’s been seeking to rejig the company’s portfolio to keep up with changing consumer tastes. The firm abandoned a planned $1 billion sale of a beauty product portfolio earlier this year after failing to attract sufficient demand from potential buyers, people familiar with the matter said.\nShares of Unilever, which sells Dove soap and Ben & Jerry’s ice cream, have fallen 12% in London this year through Wednesday. 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