Unilever announces completion of Horlicks acquisition from GSK

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

Unilever has announced that Hindustan Unilever Limited (HUL), India’s largest fast-moving consumer goods company and Unilever’s listed subsidiary in India, has successfully completed the merger of GlaxoSmithKline Consumer Healthcare Limited (GSKCH) with HUL.

HUL announced the merger of GlaxoSmithKline Consumer Healthcare Ltd with HUL on 3rd December 2018, in line with the company’s strategy to evolve the Foods and Refreshment portfolio into higher-growth segments, subject to obtaining necessary approvals. All approvals have now been secured. As previously indicated, following completion of the transaction, Unilever’s holding in HUL will be diluted from 67.2% to 61.9%.

Unilever has also completed the related acquisition of Horlicks brands rights and other Consumer Healthcare nutrition assets from GSK in other predominantly Asian markets. Bangladesh closing is expected to follow later this quarter, subject to local procedures.

- Advertisement -
Unilever announces completion of Horlicks acquisition from GSK - Brand SpurUnilever announces completion of Horlicks acquisition from GSK - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Unilever announces completion of Horlicks acquisition from GSK - Brand SpurUnilever announces completion of Horlicks acquisition from GSK - Brand Spur

Latest News

The new 2022 Volkswagen Golf R brings more power, tech and fun than ever before

It has been just under two decades since Volkswagen revealed the first Golf R32, a then-unexpected combination of the...

WorldRemit Launches a New Price Drop on Transfers to Nigeria this Black Friday

WorldRemit, a leading global digital payments company, has announced the launch of its new zero percent pricing for international transfers to Nigeria. The new lowered...

MTN enhances Business Growth at ICT and Business Skills Programme

MTN Nigeria, as part of its ICT and Business Skills programme, hosted young Nigerians to a capacity-building workshop. The workshop was facilitated by trainers...

Orange launches its 5G network by making quality of service its priority

Orange announces the launch of its 5G network in 15 French municipalities, as of 3 December 2020, including Nice, Marseille, Le Mans, Angers and...

BREAKING: Konga Bulk offers 35,000 laptops, PCs, others at huge discounts Friday

Konga, Nigeria’s foremost e-Commerce giant, is set to make available over 35,000 units of laptops, Personal Computers (PCs), tablets and complimentary printers at giveaway...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Unilever announces completion of Horlicks acquisition from GSK - Brand SpurUnilever announces completion of Horlicks acquisition from GSK - Brand Spur