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Horlicks brand now in HUL hands
THE HINDU, DECEMBER 04, 2018


MUMBAI: GlaxoSmithKline Consumer Healthcare Ltd. is merging with India’s biggest consumer goods company Hindustan Unilever Ltd. (HUL) in a deal worth Rs. 31,700 crore.

The transaction will see Hindustan Unilever Ltd.’s parent Unilever gain control of popular health drink brand Horlicks while other brands from GSK CH, such as Boost, Maltova and Viva, will be a part of the merged entity in India.

GSK CH had acquired Maltova and Boost from Jagatjit Industries in 2000.


Shares gain

On the BSE, HUL shares gained 4.12%, or Rs. 72.30, to close at Rs. 1,825.90. Shares of GSK CH closed the day at Rs. 7,542.85, rising 3.75% or Rs. 272.90.

Abhimanyu Sofat, head of Research, IIFL Securities, is of the view that this deal would be EPS accretive and a win-win for both the companies with synergy benefits of 1,000 basis points

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