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Venezuela Takes Its Toll on FMCG Companies

2014-03-08 10:24:23| Paper - Topix.net

The seven largest consumer and household goods companies operating in Venezuela, including Kimberly-Clark Corp., Avon Products and Newell Rubbermaid Inc., had the equivalent of $3.7 billion trapped in the country at the end of last year, calculated at the official rate of 6.3 bolivars per dollar, according to their annual and quarterly filings.

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