Unilever to exit joint venture in Myanmar after a decade

By Lollie Hancock | Published: 9-Nov-2026

Consumer goods giant Unilever is set to sell its stake in Unilever EAC Myanmar Company Limited, with completion expected in 2027

Unilever is exiting a joint venture in Myanmar as the consumer goods giant sells its stake in Unilever EAC Myanmar Company Limited.

The joint venture from the Dove-owner was first established in 2017 in partnership with Europe & Asia Commercial (EAC).

Unilever has confirmed it will sell its shareholding to Centig Holding Company Limited – an affiliate of EAC – for an undisclosed figure, with completion expected in 2027.

The venture saw the joint entity manufacture, market and distribute home and personal care products.

“Unilever can confirm that it has agreed to sell its shareholding in Unilever EAC Myanmar Company Limited (UEMCL) to Centig Holding Company Limited, an affiliate of its local joint venture partner Europe and Asia Commercial Company Limited (EAC),” a spokesperson for Unilever said in a statement shared with Cosmetics Business.

“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.

“We are proud of what Unilever and EAC have built together since 2017, and we are confident that the business will continue to serve consumers in Myanmar under EAC's ownership.

“Financial terms of the transaction are not being disclosed.”