Medical and other protective gloves maker Ansell says it has completed the $US600 million ($A754 million) sale of its sexual wellness business, other than the Brazilian condom operations, to a Chinese consortium.
Ansell on Monday said that because additional time was needed to conclude the sale of the Blowtex business because of some pre-completion conditions, $US10 million of the sale proceeds would remain in escrow until the conditions are satisfied.
The company expects to net after-tax cash proceeds of $US529 million and realise a post-tax profit of $US365 million, which will be recorded in the FY18 accounts.
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