Haleon: Pfizer continues getting out of capital
(CercleFinance.com) - Pfizer has sold a further 700 million ordinary shares in Haleon, its former joint venture with GSK in consumer healthcare products.
In a financial notice, Haleon states that the American pharmaceutical group placed its shares on the market at a unit price of 357 pence (or around $4.36), corresponding to total proceeds of some £2.5bn (or $3.05 billion).
With this transaction, Pfizer's stake in Haleon will be reduced from 15% to 7.3%, as the American healthcare giant plans to eventually divest its entire stake, which initially stood at 32%.
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