11th Jul 2005 07:00
Unilever PLC11 July 2005 UNILEVER COMPLETES SALE OF PRESTIGE FRAGRANCE BUSINESS TO COTY Unilever today announced the completion of the sale of its prestige fragrancebusiness, Unilever Cosmetics International (UCI), to Coty Inc. Unilever hasreceived $800 million in cash, in line with the terms of the agreement announcedon May 20, 2005, with the opportunity for further deferred payments contingentupon future sales. The closing of the transaction in Austria will happen shortly upon receipt ofall necessary regulatory approvals. The sale of UCI is fully in line with Unilever's strategy to focus on its corecategories. -o0o- July 11 2005 SAFE HARBOUR STATEMENT: This announcement may contain forward-lookingstatements, including 'forward-looking statements' within the meaning of theUnited States Private Securities Litigation Reform Act of 1995. Words such as'expects', 'anticipates', 'intends' or the negative of these terms and othersimilar expressions of future performance or results and their negatives areintended to identify such forward-looking statements. These forward-lookingstatements are based upon current expectations and assumptions regardinganticipated developments and other factors affecting the Group. They are nothistorical facts, nor are they guarantees of future performance. Because theseforward-looking statements involve risks and uncertainties, there are importantfactors that could cause actual results to differ materially from thoseexpressed or implied by these forward-looking statements, including, amongothers, competitive pricing and activities, consumption levels, costs, theability to maintain and manage key customer relationships and supply chainsources, currency values, interest rates, the ability to integrate acquisitionsand complete planned divestitures, physical risks, environmental risks, theability to manage regulatory, tax and legal matters and resolve pending matterswithin current estimates, legislative, fiscal and regulatory developments,political, economic and social conditions in the geographic markets where theGroup operates and new or changed priorities of the Boards. Further details ofpotential risks and uncertainties affecting the Group are described in theGroup's filings with the London Stock Exchange, Euronext Amsterdam and the USSecurities and Exchange Commission, including the Annual Report & Accounts onForm 20-F. These forward-looking statements speak only as of the date of thisannouncement. Except as required by any applicable law or regulation, the Groupexpressly disclaims any obligation or undertaking to release publicly anyupdates or revisions to any forward-looking statements contained herein toreflect any change in the Group's expectations with regard thereto or any changein events, conditions or circumstances on which any such statement is based. About Unilever Unilever, one of the world's largest consumer products companies, adds vitalityto life by meeting the everyday needs for nutrition, hygiene and personal care.With a portfolio of great brands that make people feel good, look good and getmore out of life, 150 million consumers around the world choose Unileverproducts everyday, including icons such as: Knorr, Hellmann's, Lipton, Dove, Sure, Surf, Cif, Marmite, Pot Noodle. Unilever has around 220,000 employees in approaching 100 countries and generatedannual sales of €42 billion in 2004. For more information about Unilever and itsbrands, please visit www.unilever.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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