Unilever may have emerged as leading bidder for GSK's Horlicks business
Updated : November 28, 2018 03:52 PM IST
If it is able to clinch the deal, Unilever will trump fellow European consumer giant Nestle SA, which according to an Indian media report earlier on Wednesday was close to buying Horlicks and other GSK consumer healthcare assets in India.
Unilever and GSK, which owns 72.5 percent of Indian business GlaxoSmithKline Consumer Healthcare Ltd, were in exclusive talks, the Financial Times reported on Tuesday, citing people familiar with the sales process.
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