Article: UK ARM OF INDIA'S TATA TEA TO ACQUIRE CZECH CO.

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 ...

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