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October 1, 2018: 12:00 AM EST
As negotiations for the Indian GlaxoSmith-Kline nutrition portfolio, including Horlicks, begin to heat up, Nestlé, Unilever and Coca-Cola are among companies shortlisted for a second round of bidding. Other food and drinks companies that have shown interest in the auction include PepsiCo, Reckitt Benckiser, General Mills, Danone, and Kellogg’s, as well as India’s ITC and private equity buyout funds like KKR. It’s not clear how many bidders are still in the running.
Ratna Bhushan, Arijit Barman, "Coke, Nestlé for second round in Horlicks race ", The Economic Times, October 01, 2018, © Bennett, Coleman & Co. Ltd.
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