Household goods giant Reckitt Benckiser has agreed a deal worth up to 4.8 billion US dollars (£3.6 billion) to sell a majority stake in its Cillit Bang and Calgon arm.
Private equity firm Advent International will buy a 70% stake in Reckitt’s essential home cleaning products business, which also includes brands such as Air Wick, Woolite, Resolve, Sole and Easy-Off, as well as around 75 other brands across more than 70 markets.
