Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Corporate deals

GlaxoSmithKline Consumer Nigeria PLC announces the Completion of the Divestment of the Drinks Bottling and Distribution Business

Chacha Wabara by Chacha Wabara
October 4, 2016
in Corporate deals
GlaxoSmithKline Consumer Nigeria Plc

GlaxoSmithKline Consumer Nigeria Plc

Share on FacebookShare on TwitterShare on Linkedin

On Friday 30 September, 2016, GlaxoSmithKline Consumer Nigeria PLC announced the completion of its divestment from the drinks bottling and distribution business to Suntory Beverage & Food Nigeria Limited (SBFN). Following the approval from its shareholders and the Nigeria Securities & Exchange Commission (SEC), GSK has transferred the ownership of the drinks business in Nigeria to Suntory Beverage & Food Nigeria Ltd effective 1st October 2016.

The new GSK Consumer Health Company (retained business) consist of the Consumer Healthcare Wellness, Oral Healthcare and Nutrition categories and Pharmaceutical business. The retained brands include Sensodyne, Macleans, Panadol, Horlicks, Andrew Liver Salts, Voltaren, Otrivin and CAC 1000. The company will continue to be listed on the Nigeria Stock Exchange (NSE)

Subsequent to the approval of the divestment from the drinks business at the Extraordinary General Meeting of 4th July 2016, GSK declared a special dividend of 60k per share. Dividend warrants for the special dividend declared by the company will be posted on 12th October 2016 to holders of shares whose name appear in the register of members at close of business on 30th September 2016.

RelatedPosts

These consumer goods companies have not paid dividends since 2015

BUA Foods displaces Nestle Nigeria by N50 billion to rank the most capitalized consumer goods company

Related

Tags: Consumer GoodsGSK Plc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • BREAKING: Bitcoin on 5th day winning streak, hits highest level since June 13
    • Nigeria’s central bank, Africa Fintech Foundry to support 10 startups to boost eNaira adoption
    • How Tudu Energy is building solar home systems to power SMEs and households – CEO, Tuoyo Dudu

    Follow us on social media:

    Recent News

    Depegging sees Bitcoin hit $138,000 per token in UST

    BREAKING: Bitcoin on 5th day winning streak, hits highest level since June 13

    August 14, 2022
    Exclusive: Why CBN postponed the launch of eNaira

    Nigeria’s central bank, Africa Fintech Foundry to support 10 startups to boost eNaira adoption

    August 14, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com