Unilever swallows GSK's Indian Horlicks business for $3.8 billion

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Unilever is to buy GlaxoSmithKline's Horlicks nutrition business for $3.8 b...

 

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Unilever to swallow GSK's Indian Horlicks businessUnilever said on Monday it had agreed to buy GlaxoSmithKline's health food and drinks portfolio in India, Bangladesh and 20 other predominantly Asian markets.
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Unilever to Buy Horlicks, One of India’s Biggest Brands, From GSKUnilever has agreed to buy malted-milk drink brand Horlicks from GlaxoSmithKline as part of a $3.75 billion deal that gives the Anglo-Dutch giant exposure to India’s fast-growing nutritional-drinks market. $3.75 Billion for $600 million revenue is steep in food and beverages 🧐 Horlicks contain groundnut husk and nothing else.they make us fool. Indian nutritional health drink is milk with turmeric and jaggery.
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Unilever is spending billions to boost its India presenceUnilever is spending over $4 billion to buy GlaxoSmithKline's India nutrition business, including top brands like Horlicks. 🤣 Uh, okay. Anyone wanna take this easy setup?
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