Unilever Nigeria to separate tea business

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Unilever Nigeria Plc has informed shareholders and the investing public of its plan to organise its tea business into a separate legal entity.

The consumer goods company, in a statement obtained from the Nigerian Stock Exchange, said the notification was further to the announcement made on August 5, 2020 about Unilever’s global declaration on the strategic review and planned separation of its tea business.

The firm said the planned separation would go through the normal approval process and was expected to be concluded by the end of 2021.Copyright PUNCH. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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