Hindustan Unilever to merge with GSK Consumer Healthcare
Hindustan Unilever to merge with GSK Consumer Healthcare
Unilever invests in India with €3.3bn deal for GlaxoSmithKline's Horlicks
05 December, 2018, 16:25
In exchange, GSK will get a 5.7% stake in HUL, which is valued at ₹230 billion, and hence, become the second-largest shareholder in the company.
Following the issue of new HUL shares, Unilever's holding in HUL will be diluted from 67.2 percent to 61.9 percent, it added.
GSK CH India is the market leader in the HFD category, with brands such as Horlicks and Boost. Nearly 90 per cent of the turnover is in India. Its product portfolio, with a long history in India, is supported by strong nutritional claims. Horlicks products have been an everyday staple in south Asian households for generations.
GSK said India remained an important market for it and the company will continue to invest in growth opportunities for its OTC and Oral Health brands there, which include Crocin, Eno and Sensodyne. HUL is well positioned to further develop the market given the extent of its reach and capabilities.
Unilever head of food and refreshment Nitin Paranjpe said: "We are delighted to be acquiring the GSK health food drinks portfolio". Boost is a malt-based food drink in chocolate flavour.
The deal reflects a push by global companies to cash in on India's fast growing economy, including sectors such as retail, consumer goods and technology.
Why this Virat Kohli video is going viral The pace battery for India includes M Shami, I Sharma, Jasprit Bumrah, Bhuvneshwar Kumar and Umesh Yadav have not been picked. A first class average of 39.2 and Test average of 43.6 is testament to that fact.
In a similar context, Citi said that even without the synergy benefits, the merger would add around 3.7% to the EPS, in its FY21 estimates for HUL.
In one of the year's largest deals, FMCG major HUL on Monday said it will merge GlaxoSmithKline Consumer Healthcare with itself in an-all equity transaction pegged at ₹31,700 crore.
The logo for Unilever appears above a trading post on the floor of the New York Stock Exchange.
ALSO READ: Will $3.8 bn-worth HUL-GSK deal profit India unit? However, after the deal is completed at the end of 2019, by which time HUL will be India's largest publicly-listed food and refreshments company, GSK plans to sell its stake in HUL in what is expected to be a very profitable cash-out.
Significantly, Horlicks took entry in India with the British Army after World War I (1914-18). This will come about from a combination of supply chain efficiencies, operational improvements, go-to-market and distribution network optimization and streamlining of overlapping infrastructure.
Philadelphia might be willing to give Corbin his biggest offer since the team is seemingly ready to outspend everyone this winter. Nightengale tweeted that Corbin will get at least a six-year, $125 million contract according to several executives.
The passport from the United Arab Emirates (UAE) has ranked the strongest in the world, according to the Passport Index . Rounding off the top five is the Czech Republic and Hungarian passports, which give visa-free travel to 163 countries.
Britain invoked the article on March 29, 2017 after voters backed Brexit in a national referendum the year before. A British government spokesman said the advice would change nothing for Prime Minister Theresa May's government.
Germany, the Netherlands and Belgian are concerned about the deployment of USA missiles in Europe, as happened in the 1980s. Meanwhile, the USA would simply declare itself no longer bound by the treaty in view of Russia's alleged material breach.
The PTWC said tsunami waves of between one and three metres were possible, while waves of up to one metre were possible in Fiji. The Joint Australian Tsunami Warning Centre issued an update saying that no tsunami risk has been identified to Australia.
Details about its "hand-curated" launch lineup are promised to debut at the Game Awards conference this coming Thursday. Lastly, the Epic Games Store will also have a program created to reward content creators for showcasing certain games.
A second taller fence past a hill kept them from reaching California, creating an area heavily guarded by border patrols . The crossings started just before dusk when "three thin people" managed to "squeeze through the fence on the beach".
Croatia lost 4-2 to France in Moscow in the final in July. "It's a huge step for women's football", Hegerberg said. Mbappe also clinched the FIFA World Cup "Best Young Player Award" and was named in the Ligue 1 'Team of the Year'.
He has instead spent considerable time with his family and worked to position himself for a post-conviction career. Mr Flynn's short tenure as Mr Trump's national security adviser ended in February 2017 after just 23 days.
In the past two years, he has been arrested on suspicion of domestic battery, child endangerment and possessing cocaine. His robbery, burglary and false imprisonment chargers consequently were dropped in a plea deal.
The White House and Beijing have essentially reached an agreement to pause the trade war for 90 days while the two sides try to reach a formal trade deal.
British middleman hauled to India over chopper scam
He is one of the three middlemen accused of bribing several people to secure the deal for AgustaWestland helicopters. In a prosecution complaint filed past year , the ED had alleged that Michel had paid several people in cash.
Trump says China is now open to Qualcomm-NXP deal
President Donald Trump says China is willing to approve a major merger between American chip maker Qualcomm and rival NXP. Qualcomm has a large presence in China so they were not left with any real options except to cancel the deal.
Thielen: 'Cheap' play elicited Belichick exchange
Vikings: CB Trae Waynes was evaluated for a concussion in the second quarter and ruled out for the rest of the game. The greatness of quarterback Tom Brady and the New England Patriots has been an on-and-off thing this season.
NHL Board of Governors Approve Seattle Expansion Team
No team name, an ownership group they didn't know very well, a building plan that was back then somewhat defined but fairly vague. For comparison, the Vegas Golden Knights paid a fee of $500 million two years ago.
US Secretary of Defense: Vladimir Putin is "slow learner"
President Donald Trump and Defense Secretary James Mattis arrive for an event in the East Room of the White House, Oct. 25, 2018. "There is no doubt the relationship has worsened". "(Putin) tried again to muck around in our elections this last month.
Trump salutes Bush's casket in Capitol Rotunda
Senate Majority Leader Mitch McConnell, the first official to speak in the Rotunda, described George H.W. Bush was appointed ambassador to the United Nations and director of the Central Intelligence Agency .