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Sindh High Court approves merger of GSK Consumer Healthcare and GSK OTC

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December 18, 2018 (MLN): The Sindh High Court has sanctioned the scheme of Merger and Acquisition between GlaxoSmithKline Consumer Healthcare Pakistan Limited and GlaxoSmithKline OTC (Private) Limited, a notification issued by the company revealed on Tuesday.

Pursuant to the order of the Sindh High Court, the notification said, GlaxoSmithKline OTC (Private) Limited stands merged with and into GlaxoSmithKline Consumer Healthcare Pakistan Limited in accordance with the scheme of arrangement.

“The merger would provide for enhanced market growth to GSK Consumer Healthcare by improved supply chain of its product to the consumer through a widespread distribution network” the scheme of M&A of both the parties stated.

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Posted on: 2018-12-18T10:31:00+05:00

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