Indian company to buy British tea firm Typhoo-paper
Facebook Twitter google+ RSS Feed

Indian company to buy British tea firm Typhoo-paper

By agencies   |   Wednesday, 28 September 2005, 07:00 Hrs
Printer Print Email Email
MUMBAI: Kolkata based Apeejay Surrendra group is close to acquiring British tea brand Typhoo for less than 100 million pounds, the Times of India newspaper reported today.

Typhoo is Britain’s third-biggest tea brand after Unilever’s PG Tips and Tata Tea's Tetley. Apeejay group, which has interests in plantation, hospitality and bookstores, did not comment.

The acquisition would be funded through a mix of equity and debt, and private equity funds had invested about 17 million pounds, the paper said.

The world’s second largest tea company, Mumbai based Tata Tea bought Tetley for $432 million in 2000.

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT