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GSK Seeks Mid-Sept Bids For $4 Billion Indian Horlicks Unit

Published on Aug 22 2018 9:00 AM in A-Brands tagged: Acquisition / GlaxoSmithKline / Paywall / Horlicks

GSK Seeks Mid-Sept Bids For $4 Billion Indian Horlicks Unit

GlaxoSmithKline is seeking initial bids by mid-September for its India-focussed Horlicks health nutrition business, which is expected to fetch more than $4 billion (€ 3.5 billion), experts said on Tuesday.

The British drugmaker started a strategic review of Horlicks, a popular malt-based drink in India, and some smaller products, after buying Novartis out of their consumer healthcare venture for $13 billion (€11.3 billion) in March.

Potential Acquirers

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