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Selling Consumer Division To Unilever Could Give ‘New GSK’ A Lift

Funds Could Aid ‘New GSK’ Rejuvenation

 
• By Andrew McConaghie

Activist investors last year called for GSK to find an outright buyer for the consumer division, and may now get their wish.

LONDON- JUNE, 2018: The GlaxoSmithKline headquarters building in Brentford, west London. A British global pharmaceuticals company.
GSK has rebuffed Unilever three times - but could be persuaded by a final raised bid. • Source: Alamy

GlaxoSmithKline has turned down three bids from Unilever to buy its consumer health division, the last being worth £50bn ($68bn) in £41.7bn cash and £8.3bn shares.

The UK pharma company is already preparing a demerger spin-out of the consumer division in mid-2022, but could still be...

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