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Announced

Hindustan Unileve to invest in OZiva and Wellbeing Nutrition.

Financials

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Transaction Value-
Consideration TypeCash
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EV/EBITDA-
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Tags

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health & wellbeing

Domestic

Private

Single Bidder

Friendly

India

Majority

Drug Retailers

Acquisition

Pending

Synopsis

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Hindustan Unileve, a consumer goods company, agreed to invest in OZiva, a plant-based, and clean-label consumer wellness brand, and Wellbeing Nutrition, an online store specialist in female health and nutrition. Financial terms were not disclosed. “We are delighted to welcome OZiva and Wellbeing Nutrition to the HUL family and our portfolio of purpose-led brands. These strategic investments give us an entry into the fast-growing Health & Wellbeing category. They align strongly with our mission to improve the health and wellbeing of consumers and empower people to take charge of their health through solutions that they can trust. I strongly believe that HUL is well-positioned to support further scale-up of these businesses through our R&D, Market Development, Distribution capabilities and Unilever’s global Health & Wellbeing expertise,” Sanjiv Mehta, HUL CEO and Managing Director.

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