Brazil's Hypermarcas sells contraception unit to RB for 675 mln reais
RIO DE JANEIRO Jan 29 (Reuters) - Hypermarcas SA , the largest Brazilian producer of personal care goods, said on Friday its board has agreed to the sale of its contraception division to Britain's Reckitt Benckiser for 675 million reais ($169 million).
Twenty percent of the money will be paid in a first installment when the deal is signed, with the rest to be transferred once all conditions of the sale have been completed and the deal has closed.
($1 = 3.998 reais) (Reporting by Alberto Alerigi; Editing by Leslie Adler)
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