Unilever to swallow GSK\'s Indian Horlicks business

Unilever to swallow GSK's Indian Horlicks business

Reuters 

(Reuters) - Plc said on Monday it had agreed to buy GlaxoSmithKline's food and drinks portfolio in India, and 20 other predominantly Asian markets.

Unilever's share of the total deal price is 3.3 billion euros ($3.75 billion), payable using cash, and shares in its subsidiary in India, Hindustan Limited.

The portfolio includes brands such as Horlicks and Boost.

($1 = 0.8805 euros)

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sai Sachin Ravikumar)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 14:15 IST