Jan 15, 2022
Marmite-owner Unilever bids for GSK's consumer arm
Unilever said in a statement the GSK consumer arm "Would be a strong strategic fit as Unilever continues to reshape its portfolio". The consumer goods giant, which became a fully British company in 2020 after previously being separated between the UK and the Netherlands, also approached Pfizer about the potential deal, since the American pharmaceutical giant owns a 34% stake in GSK's consumer goods business. First, the premium you would normally expect to pay for taking control of a business - somewhere in the range of 30% - although that might be reduced by the debt of about £10bn GSK was expected to leave on the books of the consumer business. Second, the value of the cost savings GSK admits could be made to make the business more profitable. GSK reported overall sales of £34bn in 2020, £10bn of which was from its consumer goods business.
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