Trian Fund Management, L.P
CCIC-2022/06/940
A compact analysis
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SUMMARY UNDER REGULATION 13 (1A) OF THE COMPETITION COMMISSION OF INDIA (PROCEDURE IN REGARD TO THE TRANSACTION OF BUSINESS RELATING TO COMBINATIONS), REGULATIONS, 2011 (AS AMENDED)
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A. Names of Parties to the combination
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- The names of the parties to the combination are:
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- a. Trian Fund Management, L.P. ( Trian )
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- b. Unilever PLC ( Unilever )
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- Trian and Unilever are collectively referred to as the Parties .
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B. Nature and purpose of the combination
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- On 31 May 2022, Unilever extended an invitation to Trian’s representative, Mr. Nelson Peltz, CEO and Founding Partner of Trian, to join the board of directors of Unilever, and Mr. Peltz is desirous of accepting the invitation ( Proposed Transaction ).
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- As the Proposed Transaction will result in one of Trian’s representatives joining the board of directors of Unilever pursuant to an invitation, it is being notified under Section 5(a) of the Competition Act, 2022.
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