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To pay $688 million for 82% stake in Russian cosmetics maker.
October 14, 2011
By: TOM BRANNA
Editor
Unilever is a leader in emerging markets and it continues to expand its empire BRIC by BRIC. The maker of such well known brands as Dove, Lux, Axe and Pond’s, agreed today to purchase 82% of Concern Kalina for21.5 billion rubles ($688 million). When the deal is completed, Unilever will issue an offer to acquire the remaining shares in the company. According to Unilever, Concern Kalina is Russia’s biggest local personal care player with leading positions in skin and hair care and expec...
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