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Reckitt Benckiser to sell China baby-formula business in $2.2-bn deal

The sale marks the end of Reckitt's venture into the baby-formula business started just four years ago

Topics
Reckitt Benckiser | China

Bloomberg 



Enfamil
Reckitt will retain an 8% stake in the unit and sees net cash proceeds of about $1.3 bn

Group agreed to sell its Chinese baby-formula business to Primavera Capital Group for $2.2 billion as the company seeks to exit from the struggling sector.

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First Published: Mon, June 07 2021. 01:15 IST

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