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Cobaltum Advises Astrix on sale to Unilever

Transaction Overview: On August 30, 2019, Unilever (NYSE: UL / Market Cap: ~US$168 billion), announced the acquisition of Astrix S.A. (“Astrix”), a leading manufacturer and marketer of home care and personal care products in Bolivia Founded in 1993, Astrix is a market leader in the Bolivian home and personal products market, with brands such as OLA, an iconic brand present in most Bolivian households. Astrix is the market leader in several product segments such as dishwashing, fabric conditioner, hard surface cleaner, and toilet care, among others. Most recently, the company expanded into personal care and baby care Unilever, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide. It operates through three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. Unilever is one of the oldest multinational companies; its products are available in over...Read More