Hindustan Unilever (HUL), India’s largest fast-moving consumer goods (FMCG) company, has completed the merger of Glaxo SmithKline Consumer Healthcare Limited (GSKCH India)with itself. Key Points: This merger, announced on December 3, 2018,is one of the biggest deals in the FMCG field and it will result in better value creation for all stakeholders of the firm. Following the merger, GSKCH’s other brands such as Boost, Maltova and Viva will be HUL’s brand portfolio. Apart from this merger, HUL has also acquired the famous health drink brand Horlicks for India from GSK for an amount of 375.6 mln Euro (Rs. 3045 Crore). The merger is a part of HUL’s aim to build a sustainable and profitable foods and refreshment (F&R) business in India by increasing the big trend of health and wellness.
Hindustan Unilever completes its merger with GSKCH India
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