Reckitt shortlists bidders for $2bln Mead Johnson China business -sources

📆 5/14/2021 9:50 AM
📰 Reuters

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British consumer goods company Reckitt Benckiser Group (RKT.L) has shortlisted bidders including Bain Capital, Carlyle Group (CG.O) and dairy producer Yili to submit binding offers for its Greater China infant formula business, sources said.

Carlyle is bidding jointly with CITIC Capital, said two of the people.Bain, Carlyle, KKR and Sequoia China declined to comment.

Reckitt, CITIC Capital, Junlebao and Inner Mongolia Yili Industrial GroupReckitt's sale of Mead Johnson China comes as the world's second largest economy this week reported its slowest population increase since the first modern population survey in the 1950s, with birth rates declining to the levels seen in ageing societies like Japan and Italy.

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