GlaxoSmithKline considering merger of India unit

📆 29/11/2018 05:45 م
📰 MarketWatch

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GlaxoSmithKline PLC (GSK.LN) said Thursday it is considering a potential merger of its majority-owned Indian subsidiary, but cautioned that there's no certainty any deal will be struck. Any such merger is likely to be related to the sale of Glaxo's nutrition business, which makes the vast majority of its revenue in India through the subsidiary, called GlaxoSmithKline Consumer Healthcare Ltd.

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