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Unilever strikes $5 billion deal with CVC for tea business

by Mike Robinson

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© Reuters.

(Reuters) – Private equity firm CVC capital Partners agreed to acquire Unilever’s tea company for 4.5 million euros ($5.1billion) following outbidding rival groups Advent & Carlyle. This was reported by the Financial Times on Thursday, citing 2 sources.

London-listed company for consumer goods had begun to look at options for global tea operations. These include the Lipton and PG Tips brands.

CVC and Unilever were unavailable for comment immediately.

($1 = 0.8814 euros)

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