K-C to Aquire Remaining Interest In South African Afiliate
April 3, 2008
Kimberly-Clark Corporation (K-C) announced it has reached an agreement to purchase the remaining stake in its South African subsidiary, Kimberly-Clark of South Africa (K-CSA), from The Lion Match Company (Proprietary) Limited, a wholly-owned subsidiary of FASIC Investment Corporation Limited.
Kimberly-Clark currently owns slightly more than 50% of K-CSA. The transaction is expected to close in the second quarter of 2008. Terms of the purchase were not disclosed.