Private fairness investor Carlyle is reported to be lining as much as attempt to purchase Hull-based Reckitt Benckiser’s (RB) toddler diet arm in China.
It is amongst a lot of events mentioned to be getting ready to desk gives for the Greater China unit of Mead Johnson.
Sky News has this afternoon mentioned that Yili, one of many greatest current gamers within the nation’s toddler diet market, can also be anticipated to make a bid, together with different monetary and strategic bidders.
It says the unit’s sale is anticipated to fetch as much as $2bn (£1.4bn).
Under former chief government Rakesh Kapoor, RB paid almost $18bn for Mead Johnson in early 2017.
His successor, Laxman Narasimhan, instructed traders in February that he was launching a evaluation of the Mead Johnson enterprise in China due to “frequently evolving…markets for toddler components”.
The Greater China toddler components enterprise accounts for about 6% of RB’s whole group revenues.
