September 3, 2017 / 10:33 PM / 10 months ago

BRIEF-Ansell announces closing of sale of its sexual wellness business

Sept 4 (Reuters) - Ansell Ltd

* announces closing of sale of its sexual wellness business to humanwell healthcare (group) co., ltd. And citic capital china

* Reached agreement with Raymond Limited, its joint venture partner in J. K. Ansell Private Limited in india

* All pre-completion conditions and regulatory approvals have been satisfied globally and sale proceeds

* Agreement to restructure Indian JV such that Raymond will take full ownership of J. K. Condom business

* Also expects to realise a net profit after tax in order of us$365m subject to closing entries

* Sale under jv will result in a net payment to ansell of about us$1 million Source text for Eikon: Further company coverage:

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