SYDNEY, May 25 (Reuters) - Rubber products maker Ansell Ltd (ANN) on Thursday said it would sell its condom business to a Chinese consortium for $600 million, leading the Australian company to launch a $265 million on-market share buyback.
China's Humanwell Healthcare Group Co Ltd 600079.SS and CITIC Capital China Partners have bought the division, which also includes a lubricant and devices business, Ansell said.
"We are delighted with this outcome, following a thorough and competitive process, which realises significant value for Ansell shareholders," Ansell Chief Executive Magnus Nicolin said in a statement. The share buyback announced on Thursday represents 10 percent of shares on issue.
News: ANN Ansell sells condom division to Chinese consortium for $600 mln
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Last
$33.34 |
Change
-0.630(1.85%) |
Mkt cap ! $4.882B | |||
| Open | High | Low | Value | Volume |
| $33.77 | $33.79 | $33.30 | $1.871M | 55.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 129 | $33.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.35 | 206 | 12 |
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| Last trade - 13.35pm 11/09/2025 (20 minute delay) ? |
| ANN (ASX) Chart |