China's CDH agrees Nanfu Battery carve-out from P&G
CDH Investments has agreed a buy Fujian Nanping Nanfu Battery, China’s leading manufacturer of alkaline batteries, from Procter & Gamble (P&G) in one of the largest PE corporate carve-outs ever seen in the country.
The private equity firm will take a 79% stake in Nanfu Battery, with the entire transaction worth in the region of $1 billion, according to a source familiar with the situation. It is expected to be completed...
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