The proposed divestment forms part of Unilever’s ongoing portfolio optimisation strategy, as the Company continues to focus on fewer, bigger and more scalable categories to support sustainable long-term value creation.
Benjie Yap, President Director Unilever Indonesia “We are confident that this transaction will position the tea business for its next phase of growth, while sharpening Unilever Indonesia’s focus on priority, higher growth segments and reinforcing our commitment to sustainable shareholder value.”
Unilever Indonesia acquired SariWangi in 1989, pioneering tea bags in Indonesia. Since then, SariWangi has become a trusted household name, known for quality, innovation, and strong consumer loyalty.
The completion of the transaction is subject to customary closing conditions. Completion is expected sometime in Half 1, 2026.