Unilever to sell Myanmar joint venture stake, deal expected to close in 2027

Unilever has agreed to sell its stake in its Myanmar joint venture, ending its involvement in the business as the country’s military-backed government seeks foreign investment. The planned exit highlights the challenges facing companies operating amid Myanmar’s prolonged political turmoil and civil war.

The stake will be sold to Centig Holding, an affiliate of local partner Europe and Asia Commercial Company. Unilever entered Myanmar in 2010 and formed the venture in 2017; completion is expected in 2027, subject to legal and regulatory approvals. The company did not disclose the financial terms, while the World Bank forecasts Myanmar’s economy will grow by 2 per cent in the 2026/27 fiscal year.