Unilever to Acquire Russia’s Kalina in $694 Million Deal

Unilever, the world’s second-biggest consumer-goods company, agreed to acquire OAO Concern Kalina in a deal that values the Russian skincare maker at 21.5 billion rubles ($694 million) to tap growth in emerging markets.

Unilever will buy 82 percent of the maker of Black Pearl facial products and Silky Hands creams for about 16.7 billion rubles and make an offer for the rest once the transaction is completed, the London and Rotterdam-based company said today.