Drugmaker Pfizer has sold its entire stake in consumer healthcare firm Haleon for approximately 2.5 billion pounds (roughly $3.24 billion), according to sources involved in the transaction.
The deal was executed at a price of 385 pence per share, with institutional investors and Haleon purchasing the shares.
Under the agreement, Haleon – known for brands such as Sensodyne, Panadol, and Advil – will buy back 44 million shares from Pfizer, which was its largest shareholder, while 618 million shares are being sold to institutional investors. This sale represents 7.3% of Haleon’s issued share capital. Haleon was established following the merger of GSK and Pfizer's consumer healthcare businesses in 2019 and was spun off from the British drugmaker in 2022.
Following Pfizer’s divestiture, BlackRock Investment Management (UK) Ltd, a unit of BlackRock, is set to become Haleon’s largest shareholder, holding more than a 5% stake, according to data compiled by LSEG. The deal was coordinated by a team that includes BofA Securities, Citigroup Global Markets Limited, and Goldman Sachs International as joint global coordinators, with Barclays and Deutsche Numis acting as joint bookrunners.
Earlier, GSK – which initially held nearly a 13% stake in Haleon – completed its full exit in May 2024. Haleon, which also manufactures popular painkillers, indicated in February that its revenue and profit growth in 2025 would be weighted towards the second half of the year.
The divestiture underscores Pfizer's strategic decision to refocus its portfolio while enabling Haleon to consolidate its shareholder base as it continues to drive growth in the competitive consumer healthcare market.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
A humanitarian ship carrying 20,000 tons of Ukrainian wheat docked in Samsun, Türkiye, on Thursday, marking a major World Food Program initiative to supply crisis-hit regions, including Syria.
North Korea’s leader Kim Jong Un supervised a missile test on Thursday, emphasizing the nation's nuclear combat readiness, according to state media KCNA.
EU foreign ministers will visit Lviv, Ukraine, on May 9 to discuss defense support and endorse plans for a tribunal on war crimes and aggression.
The election of U.S. Cardinal Robert Prevost as Pope Leo XIV has drawn an emotional response from clergy and laity across the globe, celebrating his historic rise as the first American to lead the Catholic Church.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
A humanitarian ship carrying 20,000 tons of Ukrainian wheat docked in Samsun, Türkiye, on Thursday, marking a major World Food Program initiative to supply crisis-hit regions, including Syria.
North Korea’s leader Kim Jong Un supervised a missile test on Thursday, emphasizing the nation's nuclear combat readiness, according to state media KCNA.
EU foreign ministers will visit Lviv, Ukraine, on May 9 to discuss defense support and endorse plans for a tribunal on war crimes and aggression.
The election of U.S. Cardinal Robert Prevost as Pope Leo XIV has drawn an emotional response from clergy and laity across the globe, celebrating his historic rise as the first American to lead the Catholic Church.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
Ukraine is exploring whether to replace the U.S. dollar with the euro as its reference currency, as Kyiv aligns more closely with the EU and global trade fractures deepen.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
The European Commission has presented a roadmap to ensure the EU fully ends its dependency on Russian energy, while ensuring stable energy supplies and prices across the EU.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
A humanitarian ship carrying 20,000 tons of Ukrainian wheat docked in Samsun, Türkiye, on Thursday, marking a major World Food Program initiative to supply crisis-hit regions, including Syria.
North Korea’s leader Kim Jong Un supervised a missile test on Thursday, emphasizing the nation's nuclear combat readiness, according to state media KCNA.
EU foreign ministers will visit Lviv, Ukraine, on May 9 to discuss defense support and endorse plans for a tribunal on war crimes and aggression.
The election of U.S. Cardinal Robert Prevost as Pope Leo XIV has drawn an emotional response from clergy and laity across the globe, celebrating his historic rise as the first American to lead the Catholic Church.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment