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| Name | Symbol | Market | Type |
|---|---|---|---|
| PZ Cussons Plc (PK) | USOTC:PZCUY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.26 | 2.24 | 3.02 | 0.00 | 14:53:40 |
From Jul 2019 to Jul 2024
LONDON--PZ CU.S.SONS PLC (PZC.LN), a consumer products group, Wednesday announced said it sold its local Polish Home Care brands to Henkel AG & Co. KGaA (HEN.XE) for 46.6 million pounds cash.
MAIN FACTS:
-Completion is subject to merger control clearances in Poland and Ukraine, processes expected to take six months
-Brands are in laundry detergent, fabric conditioner and washing up liquid product categories in Poland, central and eastern Europe
-In the year ended May 31 2012, revenue generated by these brands was GBP51.4 million
-As a result of restructuring the business to focus solely on the Personal Care category, the loss of operating profit on a FY basis associated with the sale of the brands is estimated to be GBP3.5 million
-Proceeds will be used to reduce existing debt or within normal business operations
-PZ Cussons shares closed Tuesday at 394 pence valuing the company at GBP1.7 billion.
-Write to Ed Ballard at ed.ballard@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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