Hindustan Unilever Limited has (HUL) is divesting its entire stake in Kimberly-Clark Lever as part of a strategy to exit non-core businesses..HUL has entered into a share purchase agreement with Kimberly-Clark Corporation, U.S.A. (KCC) for divestment of HUL’s 50% shareholding in Kimberly-Clark Lever Private Limited in favour of KCC..Vaish Associates advised HUL. The lead partner on the deal was Associate Partner Krishna Kishore. Partners Bomi Daruwala and Martand P. Singh along with Associate Saras Muzumdar also advised on this deal.Gibson, Dunn & Crutcher LLP Singapore Office acted for Kimberly Clark and the team included Partner Jai S. Pathak and Associate Attorney Karthik Ashwin Thiagarajan..The 50-50 joint venture between HUL and KCC makes and sells brands such as Kotex and Huggies since 1995 and had an annual sale of about 300 crore last fiscal, reported ET..Click here to download the Bar & Bench Android App
Hindustan Unilever Limited has (HUL) is divesting its entire stake in Kimberly-Clark Lever as part of a strategy to exit non-core businesses..HUL has entered into a share purchase agreement with Kimberly-Clark Corporation, U.S.A. (KCC) for divestment of HUL’s 50% shareholding in Kimberly-Clark Lever Private Limited in favour of KCC..Vaish Associates advised HUL. The lead partner on the deal was Associate Partner Krishna Kishore. Partners Bomi Daruwala and Martand P. Singh along with Associate Saras Muzumdar also advised on this deal.Gibson, Dunn & Crutcher LLP Singapore Office acted for Kimberly Clark and the team included Partner Jai S. Pathak and Associate Attorney Karthik Ashwin Thiagarajan..The 50-50 joint venture between HUL and KCC makes and sells brands such as Kotex and Huggies since 1995 and had an annual sale of about 300 crore last fiscal, reported ET..Click here to download the Bar & Bench Android App
