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Tata Tea to buy US firm for $677 mln
The company is eyeing acquisitions in the United States to help it expand its international operations.
Published on: Aug 23, 2006, 20:18:00 IST
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India's Tata Tea Ltd, the world's second-largest branded tea firm, said on Wednesday it plans to buy 30 per cent of US-based Energy Brands Inc for $677 million.
The company, which owns the Tetley brand, said this month it was eyeing acquisitions in the United States to help it expand its international operations.
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