Sri Lanka's Browns Investment Plc has taken over tea estates and factories owned by Lipton Teas and Infusions in Kenya, Rwanda and Tanzania.

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The multibillion-shilling Liptons Teas assets were purchased by European private equity group CVC Capital Partners from Unilever less than three years ago.

The company said a 15 percent stake of the assets acquired by Browns would be reserved for communities in Kericho and Bomet where the estates are situated through a Community Welfare Trust.

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