Add to favorite
Unilever PLC has agreed to acquire 82% Russian skincare company JSC Concern Kalina for about 16.7 billion (€390m), is reported in Unilever press release. Unilever has been preparing the deal for several years. The transaction, which is pending required regulatory approvals, values the equity of the total business at RUB 21.5 billion (€ 500 million).
The deal is expected to be completed by the end of 2011.
Shares of the JSC Concern Kalina, the largest producer of cosmetics in Russia, has grown by 40 % after the announcement about the oncoming deal with the Anglo-Dutch consumer products giant. The current cost of Kalina shares is 3 077 Rubles (about $ 98.6) for a share.
Concern Kalina is Russia’s largest local personal care player with leading positions in skin and hair care and an expected 2011 turnover of around RUB 13 billion (€ 303 million). Concern Kalina is headquartered in Ekaterinburg, where its manufacturing facility is situated. The company has a strong, extensive distribution network and sells its products primarily in Russia, Ukraine and Kazakhstan. It employs around 1,900 people.
Concern Kalina is famous in Russia for brands in skin care, hair care and oral care like Pure Line, Black Pearl, Silky Hands, 100 Recipes of Beauty and Forest Balm.
Unilever is one of the world’s leading consumer goods companies, which is presented by such brands as Dove, Sunsilk, Timotei and Clear.
www.lenta.ru www.business-magazine.ru www.unilever.com
Author: Irina Fomina
