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Reckitt Closes Sale of Majority Stake in Essential Home Business to Advent

MT Newswires·12/31/2025 05:51:10
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05:51 AM EST, 12/31/2025 (MT Newswires) -- Reckitt Benckiser Group (RKT.L) on Wednesday completed the sale of a 70% stake in its Essential Home business to private equity firm Advent International, according to a same-day filing. The British consumer goods giant will retain a minority stake in Essential Home through its 30% interest in Advent's acquisition vehicle. Reckitt expects to release around Jan. 7, 2026, a circular and notice of general meeting for the proposed $2.2 billion special dividend and related share consolidation as part of its plan to return excess capital from the sale to shareholders.