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Empresas y finanzas

Clorox may sell automotive care business: report


    BANGALORE (Reuters) - Clorox Co , the maker of household cleaning products, is close to selling its auto-care business to private equity firm Avista Capital Partners for $750-$800 million, Bloomberg said.

    The sale of STP and Armor All auto-care brands may be announced in the coming days, the agency said, citing two people with knowledge of the matter.

    Clorox spokesman Dan Staublin declined to comment to the agency. Staublin told the agency that Clorox will make an announcement if and when it reaches an agreement on the auto-care business.

    Clorox and Avista could not immediately be reached for comment by Reuters outside regular U.S. business hours.

    The deal is not finalized and may be delayed or fall through in the final stages, the people told the agency.

    (Reporting by Mansi Dutta in Bangalore; Editing by Louise Heavens)