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Consumer Spin-Off Finally Achieved, GSK Will Weigh More M&A

Could Have £12bn To Spend On M&A

 
• By Andrew McConaghie

GSK is entering a new era, and CEO Emma Walmsley looks likely to use new finances for more targeted M&A.

GSK HQ
The spin-off is the biggest restructure in 20 years for the company, which will now focus on pharma and vaccines. • Source: Shutterstock

The long-awaited spin-off of Haleon from GSK has arrived, creating new standalone market leader in consumer health, and leaving behind a leaner pharma and vaccines company hoping to reclaim its place as a sector leader.

Haleon, purveyor of brands such as Sensodyne toothpaste and Advil painkillers, began trading on the London Stock Exchange on 18 July at

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