Business GSK Nigeria Accepts Buyout Offer From Suntory Foods



The board of directors of GlaxoSmithKline Consumer Plc (GSK Nigeria) has announced that it has accepted a binding offer from Suntory Beverage and Food Nigeria Ltd, for the divestment of its drinks bottling and distribution business.

The board is also recommending GSK's shareholders to approve the offer.

If the sale is approved, the retained busuiness of GSK Nigeria would include its Wellness, Oral healthcare, Nutrition and Pharmaceutical/Vaccines business. The firm will still be listed on the Nigerian Stock Exchange,NSE.

Suntory Beverage and Food Ltd (SBF) is a leading softdrink company headquartered in Japan.

More details about the deal will be announced in the future.


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