News

The Coca-Cola Co eyes GlaxoSmithKline's Horlicks India business - report

Most popular

Provenance and quality not enough for spirits - II

Advice for brewers in the time of COVID-19

Coronavirus special - Wine & Spirit Trade Ass'n

Over the influence? The future of social media

Coronavirus special - US Distilled Spirits Council

MORE

The Coca-Cola Co could be about to follow its move for Costa Coffee with a bid for GlaxoSmithKline's Horlicks business in India.

The Coca-Cola Co could be about to add Horlicks to its stable

The Coca-Cola Co could be about to add Horlicks to its stable

According to a report in London's The Telegraph, which cites unnamed sources, the soft drinks company "will firm up its interest" ahead of a deadline for potential bidders. The article comes almost three months after the newspaper first reported Coca-Cola's interest in Horlicks, along with interest from Nestle and Kraft Heinz.

When contacted by just-drinks today, Coca-Cola declined to comment on the story. 

In March, GSK said it was reviewing its options over its portfolio of consumer healthcare nutrition products. Central to the assets under review is GSK's 72.5% stake in Indian arm GlaxoSmithKline Consumer Healthcare. The UK-based pharma group said the majority of the annual sales made from Horlicks and the other nutrition products - which stood at around GBP550m (US728.2m) in 2017 - are in India.

The Telegraph reports that the deal could be worth GBP3bn (US$3.87bn).

Why is The Coca-Cola Co buying Costa? - Comment


Related Content

Unilever wins battle to acquire Horlicks

Unilever wins battle to acquire Horlicks...

Why is The Coca-Cola Co buying Costa? - Comment

Why is The Coca-Cola Co buying Costa? - Comment...

Coffee beans a bigger play than RTDs in Costa roll-out - Coca-Cola HBC

Coffee beans a bigger play than RTDs in Costa roll-out - Coca-Cola HBC ...

Coca-Cola HBC to put Costa Coffee machines in offices, public

Coca-Cola HBC to put Costa Coffee machines in offices, public "hotspots" - CEO...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?