Unilever to acquire Horlicks and GSK’s nutrition business for US$3.8b

INDIA – The global consumer goods leader, Unilever has agreed to acquire malted drinks brand, Horlicks and other GlaxoSmithKline’s Indian consumer healthcare products in a transaction worth US$3.8 billion (3.3 billion Euros). The transaction will also see Hindustan Unilever (HUL), Unilever’s operating arm and India’s largest consumer goods company merge its operations with GlaxoSmithKline Consumer…

Nestle nearing deal to acquire GSK’s consumer healthcare business in India

INDIA – The Swiss transnational food and drink company, Nestle SA is said to have tipped Unilever, another serious bidder in the race for GSK Consumer Healthcare business in India, ET Retail reports citing sources familiar with the matter. The deal which highlights popular malt food drink brand Horlicks, will see Nestle strike the biggest…

Nestle ahead of Unilever in final race to acquire GSK’s nutrition business in India

INDIA – Nestle SA, the Swiss transnational and the world’s largest food company is contending Unilever in the final round of negotiations to acquire GlaxoSmithKline’s consumer nutrition business in India. According to three people aware of the development, cited by ET Retail, Nestle is believed to be the frontrunner with a more aggressive offer after…

Coca-Cola, Nestle and Kraft Heinz consider acquisition of GSK’s drink brand Horlicks

UK - Coca-Cola, the world’s soft drinks and beverage company, has made considerations to acquire malted drink brand Horlicks from UK pharmaceuticals company GlaxoSmithKline (GSK), according to the Sunday Telegraph. It is understood both companies have held talks about a deal after GSK announced in March that it would carry out a review of the…