Nestle, the world’s biggest packaged food company, has previously told GSK privately of its interest in Horlicks on several occasions, said people familiar with the matter who spoke to Reuters. The main asset on the block is GSK’s 72.5% stake in its Indian subsidiary GlaxoSmithKline Consumer Healthcare. Nestle, the world’s biggest packaged food company, has previously told GSK privately of its interest in Horlicks on several occasions, the people said. Unilever, the world’s largest tea company, and Kraft Heinz, which sells the powdered drinks Crystal Light and Kool-Aid, also declined to comment. Nestle and Unilever could purchase the asset through their local Indian subsidiaries, Nestle India or Hindustan Unilever.

Source: Mint March 28, 2018 03:22 UTC