The India leg of the sale of Merck KGAA’s global consumer health business to Procter & Gamble Co. (P&G) is expected to come with its own set of complexities – it involves handing over the reins of a locally listed entity, Merck Ltd, to P&G and Merck would need to buy back non-consumer health activities not covered under the deal. Merck Ltd was the German group’s first Asian subsidiary, set up in 1967.
The German multinational has, however, underscored that it does not expect any “dis-synergies” from the transaction in emerging markets
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