--Private-equity firm Advent International and Singapore's GIC Private Ltd. are considering a joint offer for Unilever's tea business, Sky News reports, citing unnamed sources.

--Advent and GIC would be up against several major private-equity firms in a bid for the business--which is valued at around GBP4 billion and excludes Unilever's tea operations in India--, as the consumer-goods company looks to sell the unit to focus on faster growing areas, according to Sky News.

 

Full story: https://bit.ly/3tD0kZ0

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

September 13, 2021 08:49 ET (12:49 GMT)

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