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Unilever to sell its Tea business

To CVC Capital Partners Fund VIII for €4.5bn

Unilever announced that it has entered into an agreement to sell its global Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 billion on a cash-free, debt-free basis.ekaterra is the world's leading Tea business, with a portfolio of 34 brands including Lipton, PG tips, Pukka, T2 and Tazo (acquired in 2017 from Starbuck's). The business generated revenues of around €2 billion in 202...

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EFA News - European Food Agency
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