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Monday, December 22, 2014

P&G to sell soap brands Camay and Zest to Unilever, (NYSE: UL)

Procter & Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount, to focus on its faster-growing brands. P&G said it would also transfer a manufacturing facility in Mexico to Unilever under the deal.

Unilever PLC (PLC) is a supplier of fast moving consumer goods. Shares of UL traded higher by 0.8% or $0.33/share to $41.43. In the past year, the shares have traded as low as $37.63 and as high as $45.99. On average, 1471120 shares of UL exchange hands on a given day and today's volume is recorded at 619415.