British multinational tea packer Global Tea & Commodities has sold an equity stake to three European financiers, raising funds for expansion of its Kenyan unit, which packages the Kericho Gold and Baraka Chai tea brands.
The three firms—French development finance institution Proparco, Danish sustainable investment fund IFU and London based investment and advisory firm Si Advisers LLP—did not disclose the amount invested or the size of equity they are taking up.
