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Unilever buys Russian group

The consumer goods giant Unilever is to buy the Russian cosmetics group Concern Kalina for €500m (£436m) as part of its strategy to expand into fast-growing emerging markets.

Concern Kalina is Russia's largest local personal care company with leading positions in skin and hair care. It sells its products primarily in Russia, Ukraine and Kazakhstan. It expects a 2011 turnover of about €303m.