Unilever PLC Completion of Horlicks acquisition from GSK (4372I)
01 Aprile 2020 - 2:15PM
UK Regulatory
TIDMULVR TIDM0NXN
RNS Number : 4372I
Unilever PLC
01 April 2020
Unilever announces completion of Horlicks acquisition from
GSK
London/Rotterdam 1st April 2020 : Unilever today announced that
Hindustan Unilever Limited (HUL), India's largest fast-moving
consumer goods company and Unilever's listed subsidiary in India,
has successfully completed the merger of GlaxoSmithKline Consumer
Healthcare Limited (GSKCH) with HUL.
HUL announced the merger of GlaxoSmithKline Consumer Healthcare
Ltd with HUL on 3rd December 2018, in line with the company's
strategy to evolve the Foods and Refreshment portfolio into higher
growth segments, subject to obtaining necessary approvals. All
approvals have now been secured. As previously indicated, following
completion of the transaction, Unilever's holding in HUL will be
diluted from 67.2% to 61.9%.
Unilever has also completed the related acquisition of Horlicks
brands rights and other Consumer Healthcare nutrition assets from
GSK in other predominantly Asian markets. Bangladesh closing is
expected to follow later this quarter, subject to local
procedures.
Contact
Media: Clare Cavana
Clare.Cavana@Unilever.com
+44 (0) 782 708 5145
Investors: Clio Adam
Investor.Relations@Unilever.com
+44 (0)20 7822 6830
About Unilever
Unilever is one of the world's leading suppliers of Beauty &
Personal Care, Home Care, and Foods & Refreshment products with
sales in over 190 countries and reaching 2.5 billion consumers a
day. It has 155,000 employees and generated sales of EUR52 billion
in 2019. Over half of the company's footprint is in developing and
emerging markets. Unilever has around 400 brands found in homes all
over the world, including Dove, Knorr, Dirt Is Good, Rexona,
Hellmann's, Lipton, Wall's, Lux, Magnum, Axe, Sunsilk and Surf.
Unilever's Sustainable Living Plan (USLP) underpins the
company's strategy and commits to:
-- Helping more than a billion people take action to improve
their health and well-being by 2020.
-- Halving the environmental impact of our products by 2030.
-- Enhancing the livelihoods of millions of people by 2020.
The USLP creates value by driving growth and trust, eliminating
costs and reducing risks. The company's sustainable living brands
are growing 69% faster than the rest of the business and delivered
75% of the company's growth in 2018.
Since 2010 we have been taking action through the Unilever
Sustainable Living Plan to help more than a billion people improve
their health and well-being, halve our environmental footprint and
enhance the livelihoods of millions of people as we grow our
business. We have already made significant progress and continue to
expand our ambition - most recently committing to ensure 100% of
our plastic packaging is fully reusable, recyclable or compostable
by 2025. While there is still more to do, we are proud to have been
recognised in 2018 as sector leader in the Dow Jones Sustainability
Index and as the top ranked company in the Globescan/SustainAbility
Global Corporate Sustainability Leaders survey, for the
eighth-consecutive year.
For more information about Unilever and its brands, please visit
www.unilever.com .
For more information on the USLP:
www.unilever.com/sustainable-living/
Cautionary Statement
This announcement may contain forward-looking statements,
including 'forward-looking statements' within the meaning of the
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including in the Annual Report on Form 20-F 2019 and the Unilever
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END
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