Unilever’s tea division is attracting a lot of investor attention, reports the British news channel Sky. For example, Advent would like to bid 4 billion pounds together with the Singapore government fund GIC.
Investors Carlyle, Clayton Dubilier & Rice and KKR would also consider an offer, as would Cinven, which is partnering with the Abu Dhabi sovereign wealth fund.
Unilever has been looking to the future of the tea branch since the middle of last year, with brands such as Lipton and Pukka. If it comes to a sale, the cleaning and food group would certainly like to receive 4 billion euros for it.
The Indian and Indonesian tea activities are not included in the saleable business. In addition, Unilever’s partnerships in the field of ready-to-drink tea drinks are also excluded from the deal.
In recent years, consumers have started to drink less tea and, for example, more artisanal coffee. As a result, the turnover growth of the tea brands is too low, according to Unilever CEO Alan Jope.
Instead, he prefers to focus his company on markets where rapid growth can be achieved, such as skincare products.