GSK acquires remaining 30% of its Indonesian Consumer Healthcare business
US pharma giant GlaxoSmithKline (LSE: GSK) has acquired full ownership of its Indonesian Consumer Healthcare business in a transaction which also includes the company divesting a non-core brand and a manufacturing facility in the country.
The transaction is with three connected entities. GSK Consumer Healthcare Pte has paid IDR 465 billion rupiah ($40.7 million) to Sarasvati Venture Capital Ltd (SVC) for the 30% of the Indonesian Consumer Healthcare business it did not previously own. GSK has also divested its Insto eye drops brand to Pharma Healthcare Pte and agreed to divest its manufacturing site at Bogor, Indonesia, to PT Pharma Healthcare for a combined total of 133 billion rupiah.
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