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The London-listed firm, which sells manufacturers together with Enfamil formulation, despatched out advertising supplies to potential patrons this month, the folks mentioned. Reckitt might search as a lot as $10 billion for the unit, based on the folks, who requested to not be recognized as a result of the knowledge is personal.
Bids for the enterprise, whose greatest operations are within the US, are anticipated on the finish of Could, the folks mentioned. It might appeal to curiosity largely from personal fairness companies, the folks mentioned.
A sale would full a reversal of Reckitt’s largest buy, the $17 billion acquisition of Mead Johnson Diet Co. 5 years in the past underneath former Chief Government Officer Rakesh Kapoor. His successor, Laxman Narasimhan, offered the Chinese language toddler formulation a part of that enterprise to native buyout agency Primavera Capital for $2.2 billion final 12 months, exiting considered one of its largest markets. The corporate mentioned on the time that the remaining operations in North America and different components of the world had about 5.4 billion kilos ($7.3 billion) of web belongings.
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