LONDON, March 30 SSL International Plc SSL.L,
maker of Durex condoms, is expected to take control of a firm
which sells condoms in the former Soviet Union countries, and
buy the rest of the company early next year, the Financial
Times said on Monday without citing sources.
SSL already has a 15.5 percent stake in BLBV and has the
option to increase that to 50 percent plus one share,
exercisable in April.
The FT said SSL is expected to raise its stake to more than
50 percent this week and to acquire the rest of the shares
early next year, which would take the cost of the deal to about
200 million pounds ($287 million).
The deal would make Russia SSL's second-biggest market, the
In January SSL, which also makes Scholl foot products,
raised 87.3 million pounds ($125 million) in a share placing to
fund a possible increase of its stake in Beleggingsmaatschappij
Lemore BV (BLBV), which distributes condoms in the Commonwealth
of Independent States' markets excluding Ukraine.
(Reporting by Olesya Dmitracova)