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Unilever sells Sanex to Colgate-Palmolive for $940 million

MUMBAI: Unilever, the consumer goods firm that owns brands such as Dove, Lipton and Hellmann‘s, has entered into an agreement to sell the global soap maker Sanex to Colgate-Palmolive for $940 million while buying Colgate-Palmolive‘s laundry detergent brands in Colombia for $215 million.
 
European Commission asked Unilever to part from Sanex for anti-trust reasons after the Anglo-Dutch company acquired it when buying U.S. group Sara Lee‘s personal care business in 2009.
 
The acquisition of Colgate-Palmolive‘s laundry detergent brands is subject to regulatory approval and the completion of the Sanex disposal to Colgate-Palmolive.
 
In 2010, Sanex had garnered net sales of €187 million, mainly from Western Europe.

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NBA partners Jabong to operate official online store

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Coca-Cola launches Maaza Gold

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Cannes Lions awards lifetime achievement to Piyush & Prasoon Pandey

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Expedia asks you to try it out

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India is 18-24 months away from an inflection point: Ashish Bhasin

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Horlicks urges women to #StandStrong

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Savlon shows reality of mother's love

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Mindshare appoints M K Machaiah as chief innovation officer

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