Unilever Nigeria Plc has notified the Nigerian Stock Exchange and shareholders of the plan to separate the Unilever Nigeria Plc tea business into a separate legal entity. This is in furtherance to the announcement made on 5th August, 2020 about Unilever’s global announcement on the Strategic Review and planned separation of its Tea business.
According to a statement by the firm, the planned separation will go through the normal approval process and is expected to be concluded by the end of 2021.
“We shall keep the Nigerian Stock Exchange and stakeholders informed of subsequent developments on this matter”.