Dabur India’s proposed buyout of Singapore consumer goods company Unza is delicately poised, with the management resisting the Indian company’s takeover bid. It’s learnt that the private equity (PE) investors who own Unza may begin independent negotiations with other interested parties.
However, talks between Dabur and the PE investors — Actis and Standard Chartered — haven’t fallen through and the Indian FMCG company is hopeful of a breakthrough this week.
At around Rs 650-675 crore, it would be Dabur’s most expensive buy so far and the largest overseas deal in the consumers goods space. Unza, a $150-million company, is majority-owned by Actis and Standard Chartered.
Unza is South-East Asia’s independent manufacturer of personal care products with 48 brands in its portfolio and presence in five markets like China, Singapore, Malaysia, Hong Kong and Indonesia.
Read more in The Economic Times article.
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