GSK raises USD 1.5 billion from sale of remaining Haleon stake
GSK sold around 385 million shares at 324 pence each, amounting to a 4.2 per cent stake in Haleon.;
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London: British pharmaceutical company GSK has raised £1.25 billion ($1.52 billion) by selling its remaining stake in the consumer healthcare firm Haleon to institutional investors.
The sale will allow GSK to sharpen its focus on vaccines, cancer and infectious diseases, which are part of CEO Emma Walmsley's plans to boost earnings at the drugmaker.
According to Reuters, GSK sold around 385 million shares at 324 pence each, amounting to a 4.2 per cent stake in Haleon. Friday's sale was at a discount of about 2.5 per cent to Haleon's last close of 332.4 pence on Thursday.
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