Unilever to Exit Myanmar Joint Venture
Consumer goods giant Unilever plans to sell its stake in its Myanmar joint venture to a local partner affiliate. The transaction is expected to close in 2027 pending regulatory approvals.
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Unilever PLC will exit its joint venture in Myanmar, selling its stake by 2027. The withdrawal comes as the military-backed government attempts to attract foreign capital amid ongoing domestic conflict. The consumer goods giant entered the Southeast Asian market in 2010 before forming the joint venture in 2017.
