Unilever takes 81.98pc stake in GlaxoSmithKline Bangladesh
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Dhaka, July 1 -- The acquisition was announced on Dec 3, 2018 and was subject to obtaining necessary approvals which have now been secured, the conglomerate said in statement.
Unilever now has ownership of GSK's iconic Health Food & Drinks or HFD portfolio brands including Horlicks, Boost, and Glaxose-D.
Unilever Overseas Holdings BV, a concern of Unilever, has bought a total of 9,875,144 shares or 81.98 percent stakes in GSKBD on the block market at Dhaka Stock Exchange on Sunday. The remaining 18 percent of the stake is owned by the general and institutional investors.
The mega deal is aligned with Unilever's stated strategy of increasing its presence in health-food categories and in high-growth emerging markets, it said.
It is the ...
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