Unilever has agreed to sell its SariWangi tea business in Indonesia to local drinks and snacks producer Savoria Kreasi Rasa, a subsidiary of FMCG company Savoria. A regulatory filing published yesterday (6 January) by the group's Indonesian arm, has valued the transaction at Rp1.5trn ($89.5m). Set up in 1973, the SarinWangi brand was acquired by Unilever in 1989 and sat under its Indonesia business. In a statement today (7 January), Unilever said the divestment is part of its “ongoing portfolio optimis ...