Reckitt Benckiser to sell 92% stake in Chinese infant formula business for $1.3bn
Reckitt Benckiser Group has agreed to divest 92% stake in Infant Formula and Child Nutrition business in China (IFCN China) to Primavera Capital Group, a Chinese investment firm, for about $1.3 billion in cash. The deal values 100% of the Chinese infant formula business at $2.2 billion. Reckitt Benckiser will retain a stake of 8% […]