CITIC Capital-led consortium buys Australian co Ansell's condom division for $600m

CITIC Capital-led consortium buys Australian co Ansell's condom division for $600m

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

A Chinese consortium is buying Ansell Ltd’s condom division, the world’s no. 2 condom maker, for $600 million, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education.

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