Sale of Polish Home Care brands

RNS Number : 4746Z

PZ CUSSONS PLC

06 February 2014

 



PZ Cussons Plc

("PZ Cussons")

Sale of Polish Home Care brands

PZ Cussons Plc, a leading consumer products group in Europe, Asia and Africa, announces that, following clearance by the merger control authorities in Poland and the Ukraine, the sale of its local Polish Home Care brands to Henkel will complete shortly. As announced last year, PZ Cussons will receive cash consideration of £46.6m for the brands.

A further announcement will be made once formal completion has taken place. 

Ends -

For further information contact:

PZ Cussons Plc 

Brandon Leigh, Chief Financial Officer                   Tel: [phone]          

Instinctif Partners (formerly College Hill)

Toby Bates / Tim Linacre                                    Tel: [phone]

Note to editors

PZ Cussons Plc is listed on the London Stock Exchange with a market capitalisation of £1.5bn. The Group operates across Europe, Asia-Pacific and Africa with leading brands in Personal Care, Homecare, Electrical Goods and Food and Nutrition.

The Polish Home Care brands comprise 'E' and certain smaller brands and are present in the laundry detergent, fabric conditioner and washing up liquid product categories in Poland, central and eastern Europe.

 

END

 

 

MSCLQLFBZLFZBBE