GSK Consumer Nigeria Accepts Suntory Offer for Bottling Unit

June 2, 2016

GlaxoSmithKline Consumer Nigeria accepts Suntory Beverage & Food’s offer for drinks-bottling, distribution business.

* GSK Nigeria board recommending binding offer to shareholders;
* Principal terms of offer to be set out in circular;
* Co. says if shareholders, regulators approve sale, retained business would include wellness, oral healthcare, nutrition, pharmaceutical/vaccines businesses. Source: Bloomberg