Reckitt Benckiser to invest $200 mln in its UK and US businesses this year [Reuters]
RECKITT BENCKISR GP S/ADR (RBGLY)
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Source: Reuters
Reckitt Benckiser to invest $200 mln in its UK and US businesses this year - Reuters 1 Min Read June 4 (Reuters) - Dettol and Lysol maker Reckitt Benckiser will invest an additional $200 million between its businesses in the United Kingdom and the United States this year, including a $70 million investment in a Michigan manufacturing facility. Chief Executive Rakesh Kapoor said the investment was a part of its expansion plans following its takeover of Enfamil baby formula maker Mead Johnson Nutrition company for about $18 billion in 2017. Kapoor made his remarks while speaking at a business breakfast event at St James’ Palace attended by U.S. President Donald Trump and business leaders in the United Kingdom. (Reporting by Siddharth Cavale in Bengaluru; Editing by Shailesh Kuber) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Reckitt Benckiser to invest $200 mln in its UK and US businesses
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