"/>

    Novartis to sell stake in consumer healthcare joint venture to GSK for 13 bln USD

    Source: Xinhua    2018-03-27 20:50:52

    GENEVA, March 27 (Xinhua) -- The Swiss-based international pharmaceutical company Novartis announced Tuesday that it will divest from its stake in consumer health care joint unit JV, selling it to Britain's GlaxoSmithKline for 13 billion U.S. dollars.

    In a statement from its Basel headquarters, Novartis said that stripping its 36.5 percent stake in its consumer healthcare joint venture will enable it to further focus on the development and growth of its core businesses including bolt-on acquisitions.

    Vas Narasimhan, CEO of Novartis, said, "While our consumer healthcare joint venture with GSK is progressing well, the time is right for Novartis to divest a non-core asset at an attractive price."

    The joint venture was formed in 2015 as part of Novartis' portfolio transformation.

    This comprised a three-part inter-conditional transaction with GSK, including the combination of the Novartis Over-the-Counter (OTC) business with the GSK consumer healthcare business into the existing JV.

    The consumer healthcare JV investment is accounted for in Novartis' financial reporting using the equity method of accounting, whereby the company's share of the net income is reported as income from associated companies.

    Novartis said GSK has agreed to pay cash for Novartis' stake in the consumer healthcare joint venture.

    The transaction is subject to GSK shareholder approval.

    Novartis provides healthcare solutions and in 2017, the group achieved net sales of 49.1 billion U.S. dollars, while research and development amounted to some 9 billion U.S. dollars.

    The company said its group companies employ approximately 122,000 full-time-equivalent associates and it sells its products in some 155 countries around the world.

    Editor: pengying
    Related News
    Xinhuanet

    Novartis to sell stake in consumer healthcare joint venture to GSK for 13 bln USD

    Source: Xinhua 2018-03-27 20:50:52

    GENEVA, March 27 (Xinhua) -- The Swiss-based international pharmaceutical company Novartis announced Tuesday that it will divest from its stake in consumer health care joint unit JV, selling it to Britain's GlaxoSmithKline for 13 billion U.S. dollars.

    In a statement from its Basel headquarters, Novartis said that stripping its 36.5 percent stake in its consumer healthcare joint venture will enable it to further focus on the development and growth of its core businesses including bolt-on acquisitions.

    Vas Narasimhan, CEO of Novartis, said, "While our consumer healthcare joint venture with GSK is progressing well, the time is right for Novartis to divest a non-core asset at an attractive price."

    The joint venture was formed in 2015 as part of Novartis' portfolio transformation.

    This comprised a three-part inter-conditional transaction with GSK, including the combination of the Novartis Over-the-Counter (OTC) business with the GSK consumer healthcare business into the existing JV.

    The consumer healthcare JV investment is accounted for in Novartis' financial reporting using the equity method of accounting, whereby the company's share of the net income is reported as income from associated companies.

    Novartis said GSK has agreed to pay cash for Novartis' stake in the consumer healthcare joint venture.

    The transaction is subject to GSK shareholder approval.

    Novartis provides healthcare solutions and in 2017, the group achieved net sales of 49.1 billion U.S. dollars, while research and development amounted to some 9 billion U.S. dollars.

    The company said its group companies employ approximately 122,000 full-time-equivalent associates and it sells its products in some 155 countries around the world.

    [Editor: huaxia]
    010020070750000000000000011100001370697881
    主站蜘蛛池模板: 久久精品国产99国产精品亚洲| 国产A级三级三级三级| 一级黄色片网站| 最近中文字幕大全高清视频| 免费在线观看亚洲| 韩国r级2020年最新| 国内不卡一二三四区| 中文字幕丰满伦子无码| 樱花草视频www| 亚裔玉videoshd和黑人| 色吊丝免费观看网站| 国产精品久久久久久无毒不卡| www国产无套内射com| 日本狂喷奶水在线播放212| 亚洲成AV人片在线观看ww | 色综合综合色综合色综合| 国产精品多p对白交换绿帽| а√在线地址最新版| 日本一区二区三区精品视频| 亚洲免费在线视频播放| 特黄特黄一级高清免费大片| 四虎免费永久在线播放| 黄色永久免费网站| 国产精品视频第一区二区三区| www免费插插视频| 成年女人永久免费观看片| 久久精品电影免费动漫| 欧美成人午夜视频| 人人妻人人澡人人爽欧美一区| 美国一级毛片在线观看| 国产破外女出血视频| 99久久精品久久久久久清纯| 强行交换配乱婬bd| 久久久久久AV无码免费网站 | 欧美性猛交xxxx乱大交极品| 先锋影音av资源网| 美日韩在线视频| 国产亚洲精品免费| 国产黑丝袜在线| 国产精品无码无在线观看| 99在线精品免费视频|