Reckitt Benckiser Group (RKT)

Sector:

Household Goods

Index:

FTSE 100

5,572.00p
   
  • Change Today:
      53.00p
  • 52 Week High: 7,960.00
  • 52 Week Low: 5,510.00
  • Currency: UK Pounds
  • Shares Issued: 714.07m
  • Volume: 1,849,784
  • Market Cap: £39,788m

Reckitt Benckiser sells China baby formula unit for $2.2bn

By Frank Prenesti

Date: Monday 07 Jun 2021

LONDON (ShareCast) - (Sharecast News) - UK consumer goods group Reckitt Benckiser said it was selling its baby formula business in China to the private equity firm Primavera for $2.2bn and would incur a £2.5bn net loss on the deal.
The maker of Dettol disinfectant Reckitt said it expected to receive about $1.3bn in cash from the deal which it will use to pay down debts, and will keep an 8% stake in the unit, it said in a statement on Monday. As a result of the sale, the company expects to incur the net loss due to the re-measurement of goodwill and intangible assets.

The sale follows a review of the business announced in February and includes manufacturing plants in Nijmegen, the Netherlands and Guangzhou, China.

Reckitt expects to incur cash tax costs of around £300m and transaction and other costs of around £200m.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Reckitt Benckiser Market Data

Currency UK Pounds
Share Price 5,572.00p
Change Today 53.00p
% Change 0.96 %
52 Week High 7,960.00
52 Week Low 5,510.00
Volume 1,849,784
Shares Issued 714.07m
Market Cap £39,788m

Reckitt Benckiser Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.22% below the market average44.22% below the market average44.22% below the market average44.22% below the market average44.22% below the market average
92% below the sector average92% below the sector average92% below the sector average92% below the sector average92% below the sector average
Price Trend
79.64% below the market average79.64% below the market average79.64% below the market average79.64% below the market average79.64% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
4.59% above the market average4.59% above the market average4.59% above the market average4.59% above the market average4.59% above the market average
36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average
Growth
25.31% above the market average25.31% above the market average25.31% above the market average25.31% above the market average25.31% above the market average
68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average

What The Brokers Say

Strong Buy 14
Buy 2
Neutral 4
Sell 1
Strong Sell 0
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reckitt Benckiser Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Aug-21 06-May-21
Paid 15-Sep-21 14-Jun-21
Amount 73.00p 101.60p

Trades for 29-Jul-2021

Time Volume / Share Price
16:45 93 @ 5,553.00p
16:45 93 @ 5,553.00p
16:38 7,350 @ 5,572.00p
16:38 3,000 @ 5,572.00p
16:38 13,605 @ 5,572.00p

Reckitt Benckiser Key Personnel

Chair Christopher Sinclair
CEO Laxman Narasimhan
CFO Jeff Carr

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