Dabur India set to pick up 60% in Unza

IN yet another acquisition attempt by India Inc, domestic FMCG major Dabur India is set to acquire a controlling 60% plus stake in Unza, a $150-million Singapore-based consumers goods company. The Indian company is likely to acquire the stakes of private equity funds Actis and Standard Chartered Bank, which have 30% each in the company. If the deal gets through, it will boost Dabur’s consolidated sales by 22% and catapult it to the third largest FMCG major in the country. Dabur will also have five manufacturing units across Asia – China, Vietnam, Indonesia and Malaysia. The acquisition also means Dabur gaining overnight access to 58,000 retail outlets across Asia-Pacific and an addition of 48 brands in its portfolio.

Courtesy: EconomicTimes
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