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Germany's Merck hires JP Morgan to sell consumer health

Reuters  |  FRANKFURT/LONDON 

By Patricia Weiss, Ludwig Burger and Pamela BarbagliaFRANKFURT/LONDON (Reuters) - Germany's Merck KGaA has hired JP Morgan to sell its consumer health business, which includes brands such as Seven Seas vitamins and could be worth around $4.5 billion.The family-controlled drugmaker said on Tuesday it was considering selling the business, whose sales of over-the-counter medicines and vitamin supplements are about $1 billion a year, to help fund research into higher-margin prescription drugs. It has already sounded out prospective buyers including Swiss food giant Nestle, three sources familiar ...

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First Published: Mon, September 11 2017. 13:28 IST
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