Brazil's Hypermarcas considers sale, spin-off of diaper unit
SAO PAULO May 7 (Reuters) - Hypermarcas SA, the largest Brazilian producer of personal care goods, is considering the sale or spin-off of a unit that manufactures diapers, in an effort to sharpen the company's focus on healthcare and pharmaceuticals.
The São Paulo-based company hired financial advisors from an undetermined number of investment banks to find alternatives for the diaper unit, which could include a spin-off, partnerships or even involve an asset sale, according to a securities filing on Thursday. The diaper unit has revenue of 858 million reais ($283 million) last year, the filing added.
($1 = 3.0331 Brazilian reais) (Reporting by Guillermo Parra-Bernal)
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