Reckitt Benckiser Group (RKT)

Sector:

Household Goods

Index:

FTSE 100

4,593.00p
   
  • Change Today:
    -25.00p
  • 52 Week High: 6,524.00
  • 52 Week Low: 4,110.00
  • Currency: UK Pounds
  • Shares Issued: 704.11m
  • Volume: 4,484,017
  • Market Cap: £32,340m

Reckitt Benckiser sells China baby formula unit for $2.2bn

By Frank Prenesti

Date: Monday 07 Jun 2021

LONDON (ShareCast) - (Sharecast News) - UK consumer goods group Reckitt Benckiser said it was selling its baby formula business in China to the private equity firm Primavera for $2.2bn and would incur a £2.5bn net loss on the deal.
The maker of Dettol disinfectant Reckitt said it expected to receive about $1.3bn in cash from the deal which it will use to pay down debts, and will keep an 8% stake in the unit, it said in a statement on Monday. As a result of the sale, the company expects to incur the net loss due to the re-measurement of goodwill and intangible assets.

The sale follows a review of the business announced in February and includes manufacturing plants in Nijmegen, the Netherlands and Guangzhou, China.

Reckitt expects to incur cash tax costs of around £300m and transaction and other costs of around £200m.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Reckitt Benckiser Market Data

Currency UK Pounds
Share Price 4,593.00p
Change Today -25.00p
% Change -0.54 %
52 Week High 6,524.00
52 Week Low 4,110.00
Volume 4,484,017
Shares Issued 704.11m
Market Cap £32,340m

Reckitt Benckiser Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.89% below the market average29.89% below the market average29.89% below the market average29.89% below the market average29.89% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Price Trend
56.46% below the market average56.46% below the market average56.46% below the market average56.46% below the market average56.46% below the market average
61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average
Income
55.61% above the market average55.61% above the market average55.61% above the market average55.61% above the market average55.61% above the market average
68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average
Growth
34.29% above the market average34.29% above the market average34.29% above the market average34.29% above the market average34.29% above the market average
46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 8
Sell 0
Strong Sell 1
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reckitt Benckiser Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 03-Aug-23
Paid 24-May-24 15-Sep-23
Amount 115.90p 76.60p

Trades for 17-May-2024

Time Volume / Share Price
13:48 1,637,646 @ 4,609.00p
13:47 1,637,646 @ 4,609.00p
16:51 1,216 @ 4,593.00p
16:51 67 @ 4,593.00p
16:36 30,405 @ 4,593.00p

Reckitt Benckiser Key Personnel

Chair Jeremy Darroch
CEO Kris Licht

Top of Page