The Abu Dhabi Investment Authority, the emirate's sovereign wealth fund, is close to finalizing a deal to acquire the tea assets of the British company Unilever, in a deal expected to amount to about $7 billion with the emirate's sovereign wealth fund. The deal will enter the decisive stage within the next few period.
The competition to acquire the original, which includes famous brands such as Lipton, has reached its final stages, deciding the winner of the deal, according to Al Arabiya channel.
In June, the Abu Dhabi Investment Authority entered into negotiations with Svensen over a possible takeover bid for the deal.
The size of the debt in the deal to be implemented may reach more than 4 billion dollars, which makes it one of the largest debt-saturated acquisitions, which are being implemented during the current year if Reaching an agreement, according to Bloomberg.
The financing of the deal was planned to divide the liquidity between equity and debt, but the preferential financing conditions in the market at the present time led to the possibility of raising the debt ratio in the deal.
