Unilever PLC (ULVR.LN), a consumer goods companies said Friday that it has agreed to acquire 82% of Concern Kalina, a Russian beauty company, for EUR390 million, adding that on completion Unilever intends to launch a Mandatory Tender Offer to acquire the remaining shares that are not part of the initial agreement, at such time and on terms mandated by Russian law.

MAIN FACTS:

-The transaction, which is pending required regulatory approvals, values the equity of the total business at RUB 21.5 billion or EUR 500 million.

-Concern Kalina expects 2011 turnover of around EUR 303 million

-The transaction implies an enterprise value for 100% of Concern Kalina of RUB 25.9 billion or EUR604 million.

-This represents a sales multiple of 2.0 and a pre-synergy proforma EBITDA multiple of 11.7. The price per share is RUB 4.098, calculated on the basis of 5.2 million outstanding shares in circulation.

-The price per share is subject to a number of completion adjustments and the final share price on closing could be different.

-Subject to obtaining the required regulatory approvals, the acquisition is expected to complete by the end of 2011.

-Shares at 0710 GMT up 25 pence, or 1.3%, at 208 pence, valuing the company at GBP26.4 billion.

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

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