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Kimberly-Clark Plans Asset Sales to Secure EU Approval for $40B Kenvue Deal
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According to sources cited by Cailian Press on September 14, U.S. personal care and hygiene products giant Kimberly-Clark is preparing to divest certain assets. This move is intended to secure approval from the European Union for its proposed $40 billion acquisition of Kenvue, a consumer health company. The report indicates that the divestiture is a strategic step to address potential antitrust concerns from EU regulators regarding the large-scale merger. The deal, if completed, would significantly expand Kimberly-Clark's footprint in the consumer health sector. The information is attributed to unnamed sources familiar with the matter, and the outcome of the EU review remains uncertain pending the formal submission of the divestment plan.
Source report
Cailian Press, Sept. 14 — Sources have indicated that Kimberly-Clark, the U.S. personal care and hygiene products giant, is preparing to divest certain assets in order to secure European Union approval for its $40 billion acquisition of consumer health company Kenvue.
Source
财联社Regional
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Kimberly-Clark prepares asset divestitures to secure EU approval for $40 billion Kenvue acquisition