|
|
Article: UK ARM OF INDIA'S TATA TEA TO ACQUIRE CZECH CO.
- Article from:
- AsiaPulse News
- Article date:
- May 3, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MUMBAI, May 3 Asia Pulse - Tata Tea Ltd (BSE:500800) on Tuesday said its UK subsidiary, Tata Tea (GB) Ltd, will acquire Czech-based tea company Jemca, from a food processing company, Alima Znackova Potravina.
The acquisition has been funded by Tetley Group, the company informed the Bombay Stock Exchange.
Jemca has a 26.6 per cent volume share of the Czech tea market and a turnover of about US $12.5 million. It will continue to pack teas at its production facility at Jemnice in Czech Republic and continue to trade under the 'Jemca' brand ...