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Unilever returns to Cuba in joint venture with state
2016-01-12 02:09:29| Food - Topix.net
The Dutch-British company left Cuba in 2012 in a dispute over who would have the controlling interest in their joint venture. Now Unilever NV will have a majority 60 percent stake compared to 40 percent for the Cuban state company Intersuchel S.A. At the time of the dispute, Cuba's Communist government preferred the state hold a majority stake in joint ventures with foreign companies, but Cuba has become more flexible since opening the Chinese-style Mariel Special Development Zone two years ago.
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