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Bengaluru: Pfizer will divest its remaining stake in Haleon, marking its complete exit from the British consumer healthcare group.
As part of the transaction, Haleon, known for household brands like Sensodyne toothpaste, has agreed to buy back shares worth $220 million from Pfizer.
Pfizer will sell approximately 662 million ordinary shares, or 7.3 per cent, of Haleon, Reuters reported.
Haleon was formed in 2019 through a merger of GSK and Pfizer's consumer healthcare businesses. It was spun out and listed on the London Stock Exchange in July 2022.
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