Advent, Singapore Wealth Fund Consider Joint Bid for Unilever's Tea Brands -Sky News
September 13 2021 - 9:04AM
Dow Jones News
--Private-equity firm Advent International and Singapore's GIC
Private Ltd. are considering a joint offer for Unilever's tea
business, Sky News reports, citing unnamed sources.
--Advent and GIC would be up against several major
private-equity firms in a bid for the business--which is valued at
around GBP4 billion and excludes Unilever's tea operations in
India--, as the consumer-goods company looks to sell the unit to
focus on faster growing areas, according to Sky News.
Full story: https://bit.ly/3tD0kZ0
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(END) Dow Jones Newswires
September 13, 2021 08:49 ET (12:49 GMT)
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