Reckitt Benckiser completes sale of Hypermarcas condom deal

Reckitt Benckiser completes sale of Hypermarcas condom deal

Personal care company Reckitt Benckiser has made the final payment of $175.32 million to Hypermarcas SA in relation to the sale of its condom division.

According to a security filing, the final value of the deal was worth 705.8 million reais, an increase from the original price of 675 million reais, as announced in January.

Finances from the sale are said to reduce the Brazilian drug maker’s debts and follows the sale of its cosmetics division to France-based beauty giant Coty last year.

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