UK-based consumer goods giant Unilever confirms departure from Myanmar

An Unilever EAC Myanmar office (Photo: Myanmar Centre for Responsible Business) The UK-based household goods manufacturer Unilever will sell its shares in its Myanmar joint venture to its partner company and exit the country in 2027, the company confirmed. Unilever established a joint venture named Unilever EAC Myanmar Company Limited with Myanmar company Europe & Asia Commercial (EAC) in 2017. The company would not disclose financial details of the deal, but confirmed it will sell all shares to Centig Holding Company Limited, a subsidiary of partner company EAC, a spokesperson for the London-based Unilever Group told Myanmar Now via email. “Completion of this sale is expected in 2027 and remains subject to legal and regulatory approvals and customary closing conditions. Until then, the business will continue to operate as usual under the current ownership structure, and we remain focused on supporting our employees, customers and partners through the transition,” the spokesperson wrote. Unilever exited Myanmar in 1965 under. . . Subscribe for full access Myanmar Now's award-winning journalism is made possible by our subscribers. Become one today. Subscribe now Already a subscriber? Log in