# GSK raises $1.1 billion from Haleon stake sale
Published: 2023-10-06
Category: News
Category URL: https://technologydispatch.com/category/news/
Meta Title: GSK Raises $1.1 Billion from Haleon Stake Sale
Meta Description: British drugmaker GSK raises $1.1 billion from stake sale in Haleon, reducing shareholding to 7.4% in the world's largest standalone consumer healthcare
URL: https://technologydispatch.com/gsk-raises-1-1-billion-from-haleon-stake-sale/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qslpr5001pwirgs7x8860d/images/2023-10-06t063440z2lynxmpej9505ortroptp4gsk-results-1737020912655-compressed.jpg)

(Reuters) -British drugmaker GSK on Friday said it raised 885.6 million pounds ($1.08 billion) from a stake sale in Haleon, bringing down its shareholding to 7.4% in the world’s largest standalone consumer healthcare firm.

The sale of 270 million shares at 328 pence apiece, represented a discount of about 2.5% to Haleon’s last close of 336.25 pence on Thursday.

GSK earlier this year sold 240 million shares in Haleon to raise about 804 million pounds ($1 billion), and lowered its stake to 10.3% from 12.9% it initially retained in the business.

Haleon was formed in 2019 through a merger of GSK and Pfizer’s consumer healthcare businesses. It was spun out and listed on the London Stock Exchange in July 2022.

Pfizer, which holds a 32% stake in Haleon, said in May it plans to cut its ownership in a “slow and methodical” manner within months.

($1 = 0.8216 pounds)

(Reporting by Prerna Bedi in Bengaluru; Editing by Sonia Cheema)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---