Unilever Agrees to Acquire Carver Korea for EUR2.27 Billion
25 September 2017 - 4:47PM
Dow Jones News
By Oliver Griffin
Unilever PLC (UL) said Monday it has agreed to acquire skincare
business Carver Korea for 2.27 billion euros ($2.7 billion) from
Bain Capital Private Equity and Goldman Sachs (GS).
Unilever said Carver would significantly strengthen its position
in north Asia, the world's largest skincare market. In 2016, Carver
delivered sales of EUR321 million, along with EUR137 million in
earnings before interest, taxation, depreciation and
amortization.
The transaction is subject to customary regulatory
approvals.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
September 25, 2017 02:32 ET (06:32 GMT)
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