Browns becomes world’s biggest tea exporter in deal with LIPTON

samaritan

Moderator

Posts : 4134
Equity Stars : 9377
Reputation : 188
Join date : 2015-05-16

LIPTON Teas and Infusions and Browns Investments agree long-term partnership to accelerate tea industry transformation
Lankan firm to get control of Lipton tea estates in Kenya, Rwanda, and Tanzania; deal second overseas acquisition after purchase of James Finlay Kenya last year
Strategic relationship with Lipton to champion global adoption of new quality, social and environmental standards
LIPTON Teas and Infusions CEO Nathalie Roos says Browns the preferred partner with credibility, capabilities and scale, to work with to raise standards in the whole tea industry
Communities to be offered 15% stake at discounted price with annual dividend
Endowment of 1 b Kenyan shillings into new Community Welfare Trust

https://www.ft.lk/front-page/Browns-becomes-world-s-biggest-tea-exporter-in-deal-with-LIPTON/44-761546

sureshot

Vice President - Equity Analytics

Posts : 1224
Equity Stars : 7891
Reputation : 19
Join date : 2011-04-26

samaritan wrote:

1 Browns becomes world’s biggest tea exporter in deal with LIPTON Wed May 08, 2024 2:01 pm