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GlaxoSmithKline Consumer Healthcare merges with Hindustan Unilever

Wednesday, 01 Apr 2020
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Hindustan Unilever (HUL) has completed the merger of GlaxoSmithKline Consumer Healthcare (GSKCH) with HUL. The Board of Directors of HUL also approved HUL’s acquisition of the Horlicks Brand for India from GSK for a consideration of Rs 3,045 crore.
The merger was announced on 3 December 2018 and subject to obtaining necessary approvals which have now been secured. 
The other brands which were under the ownership of GSKCH such as Boost, Maltova and Viva come to HUL’s brand portfolio by virtue of the merger. 
The merger is in line with the company’s strategy to build a sustainable and profitable foods and refreshment (F&R) business in India.
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