IN BRIEF:Reckitt & Colman

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The Independent Online
Reckitt & Colman said it had sold the personal products division of its US subsidiary to JW Childs Associates for $123m. In 1995 the division generated trading profits of about $10m from sales of $110m.

The net tangible assets of the division amounted to $30m at the end of December. The proceeds are to be used by Reckitt to reduce debts.

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