Deals
Unilever Weighs Scaling Back Scope of Tea Business Sale
- Consumer group may keep emerging markets operations, Pepsi JV
- Move could shave several billion pounds off sale price
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Unilever is considering substantially scaling back the potential disposal of its tea business and may keep some operations in emerging markets, people with knowledge of the matter said.
The multinational consumer group is debating whether to hold on to its tea business in India and Indonesia, according to the people. Unilever is also considering excluding its stake in a PepsiCo Inc. venture that makes Lipton bottled drinks, the people said, asking not to be identified because the information is private.