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

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.

We use cookies to personalize your user experience and to study how our website is being used. Learn More About Cookies Okay I Got It