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Unilever to raise stake in Hindustan Unilever in $5.4 bn offer

2013-04-30 08:54:06| Food - Topix.net

Unilever Plc will pay $5.4 billion to raise its stake in its Indian unit, Hindustan Unilever, to up to 75%. Anglo-Dutch consumer goods giant Unilever Plc will pay as much as $5.4 billion to raise its stake in its Indian unit, Hindustan Unilever, to up to 75 percent in a bet on fast-growing spending power in Asia's third-largest economy.

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