Unilever provided £ 50 billion to GSK unit – Report

File Photo: Overview outside the GlaxoSmithKline (GSK) headquarters in Brentford, London, England, May 4, 2020.Reuters / Matthew Childs

January 15, 2022

London (Reuters)-Consumer goods giant Unilever has bid about £ 50 billion ($ 68.4 billion) in the consumer goods business of the pharmaceutical group GlaxoSmithKline towards the end of last year, the UK’s Sunda Immes reported. ..

According to the newspaper, GSK and Pfizer, which hold minority shares in the division, were understood to have rejected the offer because it was too low.

He added that Unilever, which owns brands such as Dove Thorpe and Marmite, understood that Glaxo’s approach to the portfolio of household brands such as Panador painkillers and Sensodyne toothpaste was one-sided.

According to the newspaper, Unilever’s bid did not include recognition of acquisition premiums or synergies.

It wasn’t clear if Unilever would make a higher offer, and the negotiations weren’t considered live, he said.

Reuters is asking both companies for comment.

($ 1 = 0.7314 pounds)

(Report by Mrinmay Dey in Bangalore, Written by William Schomberg, Edited by Mark Heinrich and Jan Harvey)

Unilever provided £ 50 billion to GSK unit – Report

Source link Unilever provided £ 50 billion to GSK unit – Report

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