Procter & Gamble (NYSE: PG) disclosed:
The Procter & Gamble Company (the Company) announced today a limited market portfolio restructuring of its business operations, primarily in certain Enterprise Markets, including Argentina and Nigeria, to address challenging macroeconomic and fiscal conditions. In connection with this announcement, the Company expects to record incremental restructuring charges of $1.0 to 1.5 billion after tax, including foreign currency translation losses to be recognized upon the substantial liquidation of operations in the affected markets. The Company estimates the large majority of these charges will be noncash.
Although the timing of the completion of this restructuring program has yet to be determined, the Com…
Read the full article at: https://www.streetinsider.com/Corporate News/Procter & Gamble (PG) announces limited market portfolio restructuring of its business operations/22491373.html