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Business

Unilever prices $1.25bn bond on the U.S. market

Unilever has on 25 July 2016 priced a dual-tranche $1.25 billion bond on the U.S. market. $550 million 1.375 per cent fixed rate notes are due 28 July 2021, with a further $700 million 2.0 per cent fixed rate notes due 28 July 2026. The bond offering is scheduled to close on 28 July 2016.

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Acquisitions and Disposals

Unilever acquires Dollar Shave Club

London/Rotterdam – Unilever today announced that it has signed an agreement to purchase Dollar Shave Club®. Founded in 2012 and headquartered in Venice, California, Dollar Shave Club (DSC) has grown into a full male grooming business that has transformed the shaving category with its lifestyle brand empowering 3.2 million members. In 2015, DSC had turnover of US$152 million and is on track to exceed US$200 million in turnover in 2016. Terms of the transaction were not disclosed.

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