Colgate-Palmolive sells Nepal unit to Everest Hygiene Products

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New Delhi, Nov 20 (UNI) Oral care company Colgate Palmolive India today said it has transferred its shareholding in its Nepal unit to Everest Hygiene Products.

''All employees of Colgate-Palmolive (Nepal) would continue their employment on the existing terms and conditions under the new ownership," the company said in a statement.

However Colgate-Palmolive will continue sourcing toothpowder from the latter's factory in Nepal, it added.

The sourcing will help maintain continuity of operations of the plant and exports from Nepal.


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