The Tata group seems to be closing in on yet another major acquisition. The salt-to-telecom conglomerate is in talks to buy UK-based speciality tea company Liberty Tea to expand its presence in the global beverages market and help it gain a larger share of the retail shelf space.
Group sources said that the discussions are at an initial stage and that senior executives of Tata Tea are examining the synergies that an acquisition could bring to Tatas’ current presence in the UK. Liberty Tea is a popular brand in Europe
This was picked up by Reuters and spread across the globe. Just google for Tata Tea Liberty.
Financial Times London decided to follow up on this news. This is what they found
But a search at Companies House revealed no such company. Directory enquiries drew a blank, and the omniscient Google was none the wiser.
2 comments:
After The Hindu...ipppo ET season?
LOL.. But who s going to sue whom...?
Tata tea or ET..? Was misinformation provided by a Tata tea employee..? There is that possibility na..
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