Reckitt Benckiser shortlists bidders for Mead Johnson China biz

Shanghai, China. Source: Denys Nevozhai/Unsplash

British consumer goods company Reckitt Benckiser Group has shortlisted bidders including Bain Capital, Carlyle Group and dairy producer Yili to submit binding offers for its Greater China infant formula business, sources said.

The group has hired Morgan Stanley to run an auction of infant formula unit Mead Johnson in Greater China, in a deal that could fetch over $2 billion. Morgan Stanley declined to comment.

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