P&G to acquire German Merck’s consumer health business for about 3.4 billion euro

P&G to acquire German Merck's consumer health business for about 3.4 billion euro

(Reuters) – Procter & Gamble Co said on Thursday it has signed an agreement to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros (£2.96 billion).

The acquisition enables P&G to add to its portfolio of existing consumer healthcare capabilities and brands such as Vicks, Metamucil, Pepto-Bismol, Crest and Oral-B.

(The story was corrected to say to acquire not acquires in the headline and first paragraph; also to add German in the headline)

Reporting by Shalini Nagarajan in Bengaluru; Editing by Sunil Nair

News Source ReutersNews

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