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Acquisition of Concern Kalina completed
December 7, 2011
By: Jamie Matusow
Following its announcement made on October 14, Unilever has confirmed that it has obtained the necessary regulatory clearances in Russia and Ukraine, and completed the acquisition of 82% of the outstanding shares of Concern Kalina, Russia’s leading beauty company. The transaction will transform Unilever’s personal care business in Russia, giving it leading positions in skin care and hair care, as well as establishing a presence in oral care. It will also strengthen and rebalance Unilever’s portfolio and competitiveness in Russia, an emerging market with considerable potential and one of Unilever’s priority countries.
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