Kimberly-Clark Explores Sale of its European Tissue Business

According to Nasdaq,Kimberly-Clark Corp is exploring a sale of its European tissue business, as it tries to slash costs and combat slowing sales by exiting less profitable areas, according to people familiar with the matter.

The maker of Kleenex tissues and Huggies diapers has contacted private equity firms to gauge their interest in acquiring the business, which is likely to fetch above 1 billion euros ($1.2 billion), the sources said.