Russia's Kalina sells German unit to Coty

MOSCOW, Nov 12 (Reuters) - Russia's Kalina said it has agreed to sell German unit Dr. Scheller to Coty Inc as it decided to exit colour cosmetics market and focus on more profitable skin care products. Kalina did not disclose financial details of the deal under which the maker of Black Pearl and Pure Line creams will keep the rights on some brands and retain some real estate assets. The deal is subject to approval by antitrust authorities in Germany and Russia, the company, which was advised on it by BNP Paribas, said in a statement. (Reporting by Maria Kiselyova; Editing by Hans Peters) Keywords: KALINA DRSCHELLER/COTY (, +7 495 775 12 42, Reuters Messaging: COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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