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PFIZER COMPLETES THE SALE OF COTY UNIT

 PFIZER COMPLETES THE SALE OF COTY UNIT
 NEW YORK, June 5 /PRNewswire/ -- Pfizer Inc. (NYSE: PFE) today


announced that it has completed the previously announced sale of its Coty fragrance and cosmetics business to Joh. A. Benckiser GmbH for $440 million in cash.
 Coty, which was part of the company's Consumer Products Group, had about $280 million in sales in 1991. Because of taxes related to the transaction and restructuring charges, the sale is not expected to have a material impact on full-year earnings.
 Pfizer is a research-based, diversified health care company with global operations. The company reported sales of approximately $6.95 billion for 1991.
 -0- 6/5/92
 /CONTACT: Tony Biesada, 212-573-2055, or Rick Honey, 212-573-2051, both of Pfizer/
 (PFE) CO: Pfizer Inc ST: New York IN: HOU SU: TNM


TS-CK -- NY038 -- 7452 06/05/92 12:23 EDT
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Publication:PR Newswire
Date:Jun 5, 1992
Words:141
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