Unilever is considering selling its stake in Chinyuan Group, with a potential valuation of up to 300 million US dollars

Zhitong
2024.03.20 12:10
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Unilever is considering selling the majority stake in its Chinese water purification equipment manufacturer, Quinyuan Group Limited, with a potential valuation of up to 300 million US dollars. Quinyuan is a company that produces water purification products, and Unilever acquired the company in 2014, doubling its water purification business in China. This sale may impact Unilever's business in China