Condom to footcare manufacturer SSL International has increased its stake in the holding company for its CIS business, Beleggingsmaatschappij Lemore, to 75%.
It has also agreed a further option to take its shareholding in BLBV to 100% next year.
"We have been delighted with our investment in BLBV; the underlying performance of the business since our partnership began has exceeded all our expectations,” said SSL chief executive Garry Watts.
He added: “Together with BLBV's existing shareholders and management, we have made excellent progress in bringing our businesses together. We are very optimistic for BLBV's prospects and the potential for SSL's products within the CIS and Eastern Europe.”
Durex gives SSL improved performance (19 May 2009)