GSK may put Horlicks on the block to fund $13-billion Novartis deal – Feedback

British pharmaceutical giant GlaxoSmithKline (GSK) is likely to sell its health food drink brand Horlicks to fund a buyout of the residual stake in its consumer healthcare joint venture (JV) with Novartis.

In a statement on Tuesday, the company said it was considering a strategic review of Horlicks and other consumer nutrition products to support funding of the stake purchase in the consumer healthcare JV with Novartis. Review would also include an assessment of the company’s 72.5 per cent shareholding in GlaxoSmithKline Consumer Healthcare India,.

http://www.business-standard.com/article/companies/gsk-may-put-horlicks-on-the-block-to-fund-13-billion-novartis-deal-118032800038_1.html

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