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Haleon Strengthens Control Of China JV, Agrees Option To Buy

 
• By Tom Gallen

Joint venture business which markets Haleon's OTC drug brands in China will soon be 88% owned by the UK-based firm.

• Source: Shutterstock

Haleon is beefing up its stake in Chinese OTC joint venture TSKF and has secured an option to take full control of the business in the future.

The UK-based consumer health giant has agreed a deal to acquire an additional 33% of equity interest in TSKF for RMB4.47bn ($637m), taking its share of the business from 55% to 88%

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