Reckitt Benckiser has launched early discussions with potential suitors for a sale of its homecare assets, which could be worth over US$7.89 billion, Bloomberg News reported on Tuesday.
In July, the consumer goods giant said it was considering options for its troubled nutrition business and looking to offload a portfolio of homecare brands by the end of 2025.
Reckitt is working with Morgan Stanley on options for its homecare brands such as Air Wick air fresheners and Cillit Bang cleaners, while Goldman Sachs Group is helping on evaluating options for its formula brand Mead Johnson, the report said, citing people familiar with the matter.
The London-listed company did not respond to a Reuters request for comment.
- Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Alan Barona and Devika Syamnath, of Reuters.
