Kimberly-Clark is picking bidders for European tissue divestiture:Bloomberg

|About: Kimberly-Clark Corporation (KMB)|By:, SA News Editor

Centerbridge Partners and a consortium including PAI Partners & Goldman Sachs Capital Partners are reportedly to make final bids for Kimberly-Clark (KMB -4.3%) European tissue business.

The business, whose brands include Andrex in the UK & Ireland, as well as Hakle and Tela, is expected to be valued at ~€1B-€2B (~$1.2B)

Final bids are due in late October


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