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Coca-Cola Drops Out Of Competition For GlaxoSmithKline’s Nutrition Business

November 19, 2018: 12:00 AM EST
Nestlé India and Unilever are the only companies vying for GlaxoSmithKline’s consumer nutrition business in India now that Coca-Cola is said to have backed out of the lengthy due diligence process. Bids for GSK’s Indian nutrition business, which includes the popular Horlicks malted milk beverage, are believed to be in the $3.1-3.5 billion range. Earlier this year, GSK launched a strategic review of its nutrition business globally. The review is expected to be concluded in December.
Ratna Bhushan, Arijit Barman, "Nestlé seeks to pip Unilever to grab GSK’s consumer nutrition business as Coca-Cola opts out", The Economic Times, November 19, 2018, © Bennett, Coleman & Co. Ltd.
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