Primavera buys Reckitt’s China formula business for $2.2b
Primavera Capital Group has agreed to acquire UK-headquartered multinational Reckitt Benckiser’s China infant formula and child nutrition business for an enterprise value of $2.2 billion.
The transaction includes manufacturing plants in the Netherlands and China, as well as a royalty-free perpetual and exclusive license to the Mead Johnson and Enfa brands in China. Reckitt will retain an...
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