Unilever to Sell Thai Business Unilever Life to RS Group for an Undisclosed Amount
February 08 2022 - 4:36AM
Dow Jones News
By Anthony O. Goriainoff
Unilever PLC said Tuesday that it will sell its direct selling
business in Thailand, Unilever Life, to RS Group for an undisclosed
amount.
The London-listed consumer-goods giant said that the transaction
was subject to certain conditions, and that it expected completion
in three to four months.
The company said Unilever Life's portfolio was comprised of
three brands: Beyonde, Aviance and iFresh.
Shares at 0859 GMT were up 12.50 pence, or 0.3%, at 3,871
pence.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
February 08, 2022 04:21 ET (09:21 GMT)
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