May 24, 2017 / 10:49 PM / 2 months ago

BRIEF-Ansell announces share buyback

1 Min Read

May 25 (Reuters) - Ansell Ltd

* Has executed a binding agreement for sale of its sexual wellness business for us$600m

* also announces a new on market share buy-back program for up to 10% of company's issued capital.

* net after-tax cash proceeds to ansell are expected to be approximately us$529m

* expects to realize a net profit after tax in order of us$365m, which is expected to be recorded in fy'18

* sale of sexual wellness business To Humanwell Healthcare (Group) and CITIC Capital China Partners III, L.P. Source text for Eikon: Further company coverage:

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