By Christian Moess Laursen

 

GSK said its plans to sell 270 million of shares in Haleon, taking its stake to around 7.4%.

The British pharmaceutical giant said late Thursday that it will conduct the disposal through a placing of shares in the consumer-healthcare business.

The offer price will be determined by means of an accelerated bookbuild offering process which is to start immediately, it said.

U.S. pharma giant Pfizer holds a 32% stake in Haleon, which was spun out of GSK and Pfizer's consumer healthcare business.

 

Write to Christian Moess Laursen at christian.moess@wsj.com

 

(END) Dow Jones Newswires

October 05, 2023 12:18 ET (16:18 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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