Sale of the tea business may just be the start as activist circles
Thursday 16 Sep 2021 Author: Ian Conway
This month sees the auction of Unilever’s ( ULVR ) tea division, which includes leading brands such as PG Tips and Liptons. Bidding is expected to be fierce, with several private equity firms together with the Abu Dhabi and Singapore sovereign wealth authorities understood to be jostling to take ownership. The sale is the biggest strategic disposal since chief executive Alan Jope was elevated to the top job in...