Unilever acquires Qinyuan Group

|About: Unilever Plc (UL)|By:, SA News Editor

Unilever (UL) acquires a majority position in Qinyuan Group for an undisclosed amount.

The transaction for the Chinese water purification company will be Unilever's largest deal in China in more than ten years.

This deal also more than double the size of Unilever's current water purification business.