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321.20    0.30 (0.09%)
Bid:
320.40
Ask:
320.50
Spread: 0.10 (0.031%)
Market Cap: £28.42b
HLN Live PriceLast checked at - London Stock Exchange

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IN BRIEF: Haleon acquires remaining 12% stake in Chinese joint venture

Tue, 15th Apr 2025 11:20

Haleon PLC - Weybridge, Surrey-based consumer healthcare firm that spun out of GSK PLC in 2022 - Agrees to acquire the remaining 12% stake in Tianjin TSKF Pharmaceutical Co Ltd, its joint venture in China, following its acquisition of a further 33% interest in December 2024. The remaining stake will be bought from partner Tianjin Pharmaceutical Da Ren Tang Group Corp Ltd for a total of CNY1.62 billion, around USD221 million. TSKF will become a wholly-owned subsidiary of Haleon.

The purchase will be funded via Haleon's existing cash resources and new local-currency debt and is expected to close within the next three months, it said.

Current stock price: 379.40 pence, up 0.1% in London on Tuesday morning

12-month change: up 17%

By Emily Parsons, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

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