GSK raises £1.25bn from sale of remaining Haleon stake
GSK
1,766.50p
16:44 31/05/24
2.11%
36.50p
GSK said on Friday that it has sold its remaining 4.2% stake in consumer health business Haleon, which it spun off in July 2022.
FTSE 100
8,275.38
16:50 31/05/24
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FTSE 350
4,562.25
17:14 31/05/24
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FTSE All-Share
4,517.08
16:54 31/05/24
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Haleon
325.10p
16:47 31/05/24
0.12%
0.40p
Pharmaceuticals & Biotechnology
23,365.59
17:14 31/05/24
1.42%
327.82
The pharmaceutical company sold just over 385m ordinary shares in Haleon at 324p each, raising gross proceeds of about £1.25bn.
GSK initially retained a 12.9% stake in Haleon, but had since sold stakes in May 2023, October 2023 and January 2024.
"GSK's exit of its position in Haleon is consistent with its previous commitments to monetise its holding in a disciplined manner," it said.