Business
Completion of Horlicks acquisition from GSK
Completion of Horlicks acquisition from GSK.
About this update from Unilever Plc
[{"type":"text","content":"\n \n \n RNS Number : 4372I\n Unilever PLC\n 01 April 2020\n \n \n \n \n \n \n \n Unilever announces completion of Horlicks acquisition from GSK\n \n \n \n \n \n \n London/Rotterdam 1st April 2020\n \n : Unilever today 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. \n \n \n \n \n \n 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. \n As previously indicated, following completion of the transaction, Unilever's holding in HUL will be diluted from 67.2% to 61.9%.\n \n \n \n \n \n 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.\n \n \n \n \n \n \n \n \n Contact\n \n \n \n \n \n Media: Clare Cavana \n \n \n \n [email protected]\n \n \n \n +44 (0) 782 708 5145 \n \n \n \n \n \n Investors: Clio Adam\n \n \n \n [email protected]\n \n \n \n +44 (0)20 7822 6830\n \n \n \n \n \n \n \n \n About Unilever \n \n \n \n \n \n Unilever is one of the world's leading suppliers of Beauty & Personal Care, Home Care, and Foods & Refreshment products with sales in over 190 countries and reaching 2.5 billion consumers a day. It has 155,000 employees and generated sales of €52 billion in 2019. Over half of the company's footprint is in developing and emerging markets. Unilever has around 400 brands found in homes all over the world, including Dove, Knorr, Dirt Is Good, Rexona, Hellmann's, Lipton, Wall's, Lux, Magnum, Axe, Sunsilk and Surf. \n \n \n \n \n \n Unilever's Sustainable Living Plan (USLP) underpins the company's strategy and commits to: \n \n \n \n \n \n • Helping more than a billion people take action to improve their health and well-being by 2020. \n \n \n • Halving the environme...