Wednesday, June 01, 2016 3:24PM /NSE
Today, the Board of Directors of GlaxoSmithKline Consumer Nigeria Plc ( GSK Nigeria announces that it has accepted and is recommending for approval by shareholders, a binding offer from Suntory Beverages & Food Nigeria Lts, a subsidiary of Suntory Beverage and food Limited ("SBF") for the divestment of its drinks bottling and distribution business.
The principal terms of the offer will be set out in a circular to the shareholders.
If the shareholders and regulators were to approve the sale, the retained business of GSK Nigeria would include its wellness, Oral healthcare, Nutrition and Pharmaceuticvals/Vaccines businesses, and the Company would remain listed on the Nigerian Stock Exchange (NSE).
Further details will be communicated to the market in due course.