Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 19 2018

P&G to buy German Merck's consumer health business for about $4.21 Bn

P&G will buy a majority stake in Merck Ltd and subsequently make a mandatory tender offer to minority shareholders.

Procter & Gamble Co has confirmed its acquisition interests in the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion) in cash, the companies said on Thursday.

P&G said the acquisition will enable it to expand its portfolio of consumer healthcare capabilities and brands. Merck's consumer health unit includes brands such as Femibion, Neurobion, Nasivin and Seven Seas.

The offer price suggests that Merck climbed down from price demands of as much as 4 billion euros, which deterred initial suitors such as Nestle, Perrigo, and Stada owners Bain and Cinven.

The agreement is expected to close by fourth quarter 2018, Merck said in a separate statement.

As part of the transaction, Merck said, it is contemplated that about 3,300 employees, mainly from the consumer health unit, will transition to P&G upon completion of the transaction, subject to prior works council consultation where required.

"The attractive price reflects the high asset value and the performance Consumer Health has delivered," said Stefan Oschmann, chief executive of Merck.

For Merck's Indian business, P&G will buy a majority stake in Merck Ltd and subsequently make a mandatory tender offer to minority shareholders.

Comment
Related opportunities
  • Sports Accessories
    About Us: Kawasaki Sports is one of the world’s leading sports..
    Locations looking for expansion Tamil nadu
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater chennai Tamil nadu
  • Multi Cuisine Restaurant
    About Us: JAMUN is a regional Indian eatery & bar that..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Professional Education coaching
    Aboout Us: Speciality Certified Medical Assistant a certification body of the..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Fine Dine Restaurants
    Want to run your own traditional food family restaurants? Partner..
    Locations looking for expansion Lakshadweep
    Establishment year 1974
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Lakshadweep Lakshadweep
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities