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Unilever to sell tea business, including Lipton, for 4.5 bn euros

The sale to private equity group CVC Capital Partners comes as Unilever seeks higher growth opportunities elsewhere, chief executive Alan Jope said in a statement.

Published November 18,2021
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British consumer goods group Unilever on Thursday said it had agreed to sell its global tea business, including brands Lipton and PG Tips, for 4.5 billion euros ($5.1 billion).

The sale to private equity group CVC Capital Partners comes as Unilever seeks higher growth opportunities elsewhere, chief executive Alan Jope said in a statement.