Tata Global Beverages divests Zhejiang Tata to ZheJiang Tea Group

After changing its strategy to focus on branded products instead of B2B businesses, Tata Global Beverages engaged InterChina to divest its equity (90%) holdings in Zhejiang Tata Tea Extraction Company Ltd.(“ZTTECL”). ZTTECL manufactures and markets tea extraction products in two target segments: instant tea (used in ready-to-drink tea-based beverages) and tea polyphenols (for use in food supplements, ready-to-drink beverages, cosmetics, etc.). Zhejiang Tea has entered an agreement to purchase, subject to regulatory approval.

Barry Chen


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