 "Horlicks sale")
Unilever’s aggressive bid for GlaxoSmithKline’s (GSK) nutrition business in India, including the popular Horlicks brand, will put the company on top of the packaged foods pecking order in the country if the deal fructifies.
On Wednesday, Unilever trumped rival Nestlé to emerge the sole bidder for the business, valued at $4 billion. The Anglo-Dutch major is making a $3-3.5 billion cash offer for GSK’s 72.5 per cent holding in the Indian company GSK Consumer Healthcare, which is on the block as part of a strategic review. Brands Horlicks, Boost, Maltova, and Viva are also part of the review process.
Based on 2017-18
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