As part of $4.2-bn global deal, P&G to acquire Merck India for Rs 12.9 bn

Deal part of its $4.2 billion global acquisition of German drug maker's consumer health business

Procter & Gamble, the world’s largest consumer goods company, is taking over Merck Ltd, the listed Indian arm of the German drug maker, as part of its $4.2 billion global acquisition of Merck’s consumer health business. 

According to the transaction announced on Thursday, P&G will acquire 51.8 per cent in Merck Ltd for about Rs 12.9 billion, triggering an open offer for an additional 26 per cent stake. The open offer will be executed at Rs 1,500.36 per share, aggregating Rs 6.47 billion, P&G and Merck said.  The deal is expected to enhance P&G’s consumer health play in the domestic market,