Unilever Buys Concern Kalina for ?390m

17 October 2011 (09:09)

Unilever and Concern Kalina announced that the former signed an agreement on purchasing 82% of Yekaterinburg-based concern’s shares.

The price of the 82% shareholding comes to approximately 16.7 RUR (?390m).

Upon the completion of the transaction, Unilever intends to make an obligatory buy-out offer to the rest of Kalina’s stockholders involving the rest of the shares not covered by the initial agreement. This will be done in accordance with the procedure and the terms set out in the current Russian legislation.

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