For those who don’t know yet, there is a “highly likely” possibility for this to happen.
Unilever is to separate its tea businesses on a stock exchange, but they are not ruling out an outright sale.
In 2020, PG Tips and Lipton tea began on a review of its 3 billion euros a year.
Without setting a timeframe, they started to look at options including a spinoff and partial or full sale.
Unilever had started separating offices, manufacturing lines, and people within its tea business. A process expects to conclude by the end of this year. This is according to CEO Alan Jope.
“You could easily see the Unilever Tea Co becoming a standalone business on a listed stock exchange with its own IPO, that is a highly likely outcome, which would have been very difficult under our old structure,” Jope said in an interview with Bloomberg.
Unilever management said, in October, they aim to separate the tea businesses, including PG Tips, by end of the year.
Jope added, that Unilever was open to talks with private-equity companies that may be interested in buying the tea business.