Unilever to divest ekaterra tea business to CVC Capital for €4.5bn
UK-based consumer goods company Unilever has agreed to divest ekaterra, its global tea business, to CVC Capital Partners Fund VIII for a sum of €4.5 billion. ekaterra has a portfolio of 34 brands that include Lipton, Pukka, PG tips, TAZO, and T2. In 2020, the tea business of Unilever had earned revenues of nearly €2 […]