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Tata Tea Ltd. (500800.BY) is looking to expand via a number of alliances and acquisitions, and is in talks with PepsiCo Inc. (PEP) and Coca Cola (KO), among others, over a distribution joint venture, the Business Standard reported on its Web site Monday, citing Peter Unsworth, chief executive officer of Tetley, which Tata Tea bought in 2000.
"We are talking to many players, not just Pepsi and Coke," the Web site quoted Unsworth as saying.
"We have a global opportunity to align with Coca-Cola or Pepsi. But both the players have relations with Lipton and Nestle. But still there are plenty of opportunities for something very large," Unsworth said, the Web site reported.
Full story: http://www.business-standard.com/india/news/tata-tea-seeks-distribution-tie-ups-onglobal-scale/375024/
(END) Dow Jones Newswires
11-01-09 1750ET
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