Kimberly-Clark (K-C) has confirmed it has not announced plans to put its Latin American operations up for sale following reports it planned to sell the business.
According to reports published in Brazil, K-C has hired JP Morgan bank to sell its operations in Latin America in a deal that could reach R$5bn.
However, a K-C spokesperson told TWM: [Regarding media speculation about our operations in Latin America, Kimberly-Clark has made no such announcement, and as a matter of policy we do not comment on rumours about our business.
[We are focused on how we deliver long-term sustainable growth for the future across all categories in which we compete.
[Last week the company detailed the significant investments it is making in our Latin American business and our people in an interview with Valor Economico.
[These investments reflect our continued focus on serving consumers across the region."