Unilever Near Skincare Deal in Russia - Wall Street Journal

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BY DANA CIMILLUCA AND PAUL SONNE

Unilever PLC is nearing a deal to buy Russian skincare company OAO Concern Kalina for about $850 million, according to people familiar with the matter, in the Anglo-Dutch consumer products giant's latest move to boost its exposure to faster-growing emerging markets.‬

The companies plan to announce the deal as early as Friday, the people said, unless it falls apart at the last minute.‬

It would be the latest emerging-markets deal by a large Western consumer-products company. Spirits company Diageo PLC, for example, bought Turkey's Mey Icki for $2.1 billion earlier ...

BY DANA CIMILLUCA AND PAUL SONNE

Unilever PLC is nearing a deal to buy Russian skincare company OAO Concern Kalina for about $850 million, according to people familiar with the matter, in the Anglo-Dutch consumer products giant's latest move to boost its exposure to faster-growing emerging markets.‬

The companies plan to announce the deal as early as Friday, the people said, unless it falls apart at the last minute.‬

It would be the latest emerging-markets deal by a large Western consumer-products company. Spirits company Diageo PLC, for example, bought Turkey's Mey Icki for $2.1 billion earlier ...