Reckitt grabs final tranche of Russian joint venture

6th Jun 2012 11:06

Consumer goods firmReckitt Benckiser has exercised its option to acquire the final 25 per cent interest in Beleggingsmaatschappij Lemore BV, the Dutch holding company of its Russian joint venture, Medcom MP, from Abraca BV.The gross assets of the business on December 31st were £80.6m. The company was originally purchased as part of the SSL acquisition in November 2010.Reckitt Benckiser, which makes Calgon and Dettol amongst dozens of other well known brands, was up 0.24% at 11:11.BS