Unilever sells Ivorian unit to SDTM due to revenue decline

allafrica.com (French)

Unilever is selling its Ivorian unit to a consortium led by SDTM CI due to declining revenues in the region. The sale includes nearly all of Unilever CI's shares and awaits regulatory approval. The transaction involves 99.78% of Unilever CI's shares, with financial terms undisclosed. SDTM CI, a subsidiary of the Carré d'Or conglomerate, currently bottles and distributes Coca-Cola in Côte d'Ivoire. Unilever's revenue in Côte d'Ivoire has significantly decreased in recent years, prompting the sale. The acquisition aims to strengthen SDTM CI's position in the food and retail sectors in West Africa.


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Unilever sells Ivorian unit to SDTM due to revenue decline | News Minimalist