June 5 (Reuters) – British client items maker Reckitt Benckiser Group Plc stated on Saturday it was promoting its toddler system and baby vitamin (IFCN) enterprise in China to funding agency Primavera Capital Group for an enterprise worth of $2.2 billion.

The Lysol disinfectant and Dettol cleaning soap maker will retain an 8% stake in IFCN China and anticipates web money proceeds to be about $1.3 billion, it stated in an emailed assertion.

Because of the sale, Reckitt stated it expects to incur a web lack of 2.5 billion kilos ($3.5 billion), principally regarding the re-measurement of goodwill and intangible belongings for IFCN China, it stated.

$1 = 0.7065 kilos Reporting by Siddharth Cavale in Bengaluru Modifying by David Holmes

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