January 8, 2026 | 07:36 pm
TEMPO.CO, Jakarta - Consumer goods company Unilever Indonesia has sold its tea business, SariWangi, to PT Savoria Kreasi Rasa for Rp1.5 trillion. The agreement was signed on January 6, 2026, and the transaction is scheduled for completion on March 2, 2026.
In a disclosure report to the Financial Services Authority, Unilever management stated that the sale enables the company to realize its investment value in the Indonesian tea business and return value to shareholders in the short term. "And focus on the remaining core business of the company to increase value for shareholders in the long term," management wrote, as reported on Thursday, January 8, 2026.
Management revealed that the transaction value includes 45 percent of the company's equity based on the financial report as of September 30, 2025. Meanwhile, SariWangi's total assets contribute 2.5 percent to the company's total assets. Furthermore, SariWangi contributes 3.1 percent to the company's net income and 2.7 percent to operating revenue.
"Thus, the transaction is a 'Material Transaction' that does not require approval from the General Meeting of Shareholders as stipulated in Financial Services Authority Regulation No. 17/POJK.04/2020 regarding Material Transactions and Changes to Business Activities," Unilever management stated.
However, Unilever said the transaction must be announced to the public as disclosure information. Management also stated that this sale will not materially impact the company's operational, legal, or business continuity.
Read: Indonesia Records Oil and Gas Revenue Shortfall in 2025 with Rp105.4tn
Click here to get the latest news updates from Tempo on Google News
Unilever Indonesia Completes Sale of Ice Cream Business for Rp7 Trillion
30 hari lalu
The sale completion is a direct follow-up to the business agreement initially established between Unilever and Magnum on November 22, 2024.
Ben & Jerry's Founder Quits, Accuses Unilever of Silencing Brand's Social Mission on Gaza
17 September 2025
Jerry Greenfield, one of the co-founders of Ben & Jerry's, resigns due to the parent company Unilever's position on the Israel's genocide in Gaza.
Unilever's Indonesia Headache Worsens with Boycott as Local Brands Seize the Day
9 Januari 2025
A boycott against Unilever and other multinationals operating in Israel has worsened the global consumer company's loss of market share in Indonesia.
Unilever CEO Reveals Reasons for Leaving Russia
28 November 2024
Unilever CEO Hein Schumacher revealed in an interview on Tuesday, November 26, that the company was compelled to withdraw from Russia.
Unilever Indonesia to Distribute Dividends of IDR 2.93 Trillion, IDR77 per Share
21 Juni 2024
PT Unilever Indonesia Tbk. will distribute dividends amounting to IDR77 per share for the fiscal year 2023.
Unilever Recalls Magnum Ice Cream Sticks in UK and Ireland, Indonesia Unaffected: BPOM
24 April 2024
Unilever recalls Magnum ice cream in the UK and Ireland as shards of plastic and metal were found in the products.
Unilever Layoff 7,500 Employees Worldwide To Save Cost, Spins Off Ice Cream Business
22 Maret 2024
Multinational company Unilever revealed the reasons for laying off 7,500 employees worldwide.
Unilever Indonesia Claims Biggest Boycott Comes From Padang, Aceh
8 Februari 2024
The impact of the Unilever boycott was most felt in two cities; Padang and Aceh.
Unilever Indonesia Profit Drops 10.5% amid Israel Boycott Issues
8 Februari 2024
PT Unilever Indonesia Tbk. (IDX: UNVR) recorded a net profit of Rp4.8 trillion in 2023, a 10.5 percent decline from the year before.
Walhi: Wings Group Top Polluter in Semarang Coast, Followed by Santos, Unilever
22 Februari 2023
Indonesian Forum for the Environment (Walhi) of Central Java revealed its audit results that Wings Group is the most polluting company in the province
