(Alliance News) - Private equity firm Carlyle is among suitors eyeing up Reckitt Benckiser Group PLC's infant nutrition arm in China, Sky News reported on Thursday.
Sky reported that the buyout firm is among a number of parties preparing to put forward offers for the Greater China unit of Mead Johnson ahead of a deadline on Thursday.
Citing sources, Sky said Yili, one of the biggest existing players in the country's infant nutrition market, was also expected to bid. The sale is expected to fetch up to USD2 billion.
https://news.sky.com/story/carlyle-among-suitors-for-reckitts-1-4bn-chinese-infant-nutrition-arm-12298435
Mead Johnson Nutrition, a US baby formula maker, was bought by Reckitt for USD18 billion in 2017.
By Lucy Heming; lucyheming@alliancenews.com
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