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Godrej Consumer Products Ltd To Divest Non-Core Indonesian Food Business

Friday, 25 Jan 2013 05:20am EST 

Godrej Consumer Products Ltd announced that it has entered into an agreement to divest its non-core food business to Creador, with the transaction expected to close in about two months. Under this agreement, Godrej's Indonesian subsidiary will continue to distribute three brands for a two year period. HSBC acted an exclusive advisor To Godrej. 

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