FMCG major Hindustan Unilever Limited (HUL) has entered into a share purchase agreement with Kimberly-Clark Corporation, U.S.A. (KCC) for the divestment of its entire 50% shareholding in their joint-venture with Kimberly-Clark Lever Private Limited, through which it sold baby and feminine care brands Huggies and Kotex, in favour of KCC as reported by The Economic Times & Bloomberg Quint
Vaish Associates
Gibson Dunn & Crutcher Singapore based
The deal was entered into on 29 September 2017 and it is said that the decision made is a part of HUL’s strategy to focus on its core business.
2017-09-29