Consumer goods firmReckitt Benckiser has exercised its option to acquire the final 25 per cent interest in Beleggingsmaatschappij Lemore BV, the Dutch holding company of its Russian joint venture, Medcom MP, from Abraca BV.
The gross assets of the business on December 31st were £80.6m. The company was originally purchased as part of the SSL acquisition in November 2010.
Reckitt Benckiser, which makes Calgon and Dettol amongst dozens of other well known brands, was up 0.24% at 11:11.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
BS
-
UK cities facing the biggest rise in IHT bills – is yours on the list?The number of estates liable for inheritance tax is set to increase to more than 37,000 by 2027, according to new analysis, as a result of rule changes, rising property prices and frozen thresholds.
-
Nine million pensioners to get Winter Fuel Payments as Reeves changes eligibility rulesRachel Reeves has announced the Winter Fuel Payment eligibility rules will change this winter, after the chancellor controversially means-tested the scheme in 2024. Who will qualify?
