Procter & Gamble (PG -0.3%) buys the remaining 50% stake of a joint venture with Spain's...

|About: The Procter & Gamble Company (PG)|By:, SA News Editor

Procter & Gamble (PG -0.3%) buys the remaining 50% stake of a joint venture with Spain's Agrolimen Group for $1B, a move PG says fits with its strategy shift to focus on its largest businesses such as feminine-care and baby-care products. The venture sells products such as Dodot diapers and Kandoo baby wipes in Spain, Portugal and other markets.