After changing its strategy to focus on branded products instead of B2B businesses, Tata Global Beverages engaged InterChina to divest its equity (90%) holdings in Zhejiang Tata Tea Extraction Company Ltd.(“ZTTECL”). ZTTECL manufactures and markets tea extraction products in two target segments: instant tea (used in ready-to-drink tea-based beverages) and tea polyphenols (for use in food supplements, ready-to-drink beverages, cosmetics, etc.). Zhejiang Tea has entered an agreement to purchase, subject to regulatory approval.

Barry Chen