Karo Pharma enters into an agreement for the potential acquisition of the E45® brand from Reckitt
Karo Pharma Aktiebolag (“Karo”) has today entered into a put option agreement pursuant to which it may acquire the dermatology brand E45® from Reckitt for total consideration of GBP 200m (the “Transaction”).Subject to the execution of the put option by Reckitt, the acquisition of the E45® brand will be effected through the put option agreement. Completion of the Transaction will additionally be subject to customary conditions including the completion by Reckitt of information and consultation processes with its French works councils. The Transaction is expected to close in the second