Unilever announces completion of the sale of its Tea business, ekaterra

Today, Unilever said that it has successfully sold its tea division, Ekaterra, to the CVC Capital Partners Fund VIII.

In November 2021, Unilever and CVC agreed to sell Ekaterra for €4.5 billion, cash-free and debt-free, with the goal of closing the deal in the second half of 2022.

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The finalized purchase excludes Unilever’s ready-to-drink tea joint ventures with Pepsi Lipton and related distribution operations, as well as its tea businesses in India, Nepal, and Indonesia.

Ekaterra is home to more than 34 well-known tea brands from around the world and were founded in 2021, although it has a history spanning more than 150 years.

From Lipton and Pukka, to TAZO®, PG tips and T2, you’ll find our tasty brews in more than 100 countries. Like the best-loved teas, Ekaterra is a blend: eka is Sanskrit, and means ‘one’.

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