UK firm to up stake in Lipton Teas with debt swap

A tea plucking machine in operation at a tea estate in Kericho.  

Photo credit: File | Nation Media Group

British firm Ekaterra Holdco UK Limited will get an extra stake in Lipton Teas and Infusions Kenya if shareholders approve the conversion of its Sh18.59 billion loan in the tea firm into equity.

The current ownership structure of the subsidiary was not disclosed.

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