PR Title: |
GlaxoSmithKline provides update on divestment of non-core over-the-counter (OTC) brands |
PR Summary: |
In February 2011 GSK announced its intention to divest non-core Consumer Healthcare OTC products predominantly in the United States and Europe with aggregate annual sales of approximately £500 million. The proposed divestment is designed to realise value for shareholders and simplify GSK’s Consumer Healthcare business and allow it to focus on its priority brands and markets. |