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Unilever to buy majority stake in Carver Korea for US$2.9b

[SEOUL] Unilever has agreed to buy a majority stake in South Korean cosmetics firm Carver Korea for $2.9 billion from a consortium of Goldman Sachs and Bain Capital Private Equity, Seoul Economic Daily reported on Monday.

The deal to buy the 60.39 per cent stake was signed on Friday, the report said, citing investment banking sources.

Carver Korea, Bain Capital and Goldman Sachs were not available for comment.

REUTERS

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