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CORRECTED: P&G to acquire German Merck's consumer health business for about $4.21 billion

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Reuters

(Corrects to say "to acquire" not "acquires" in headline and first paragraph; also adds German in headline)

(Reuters) - Procter & Gamble Co said on Thursday it has signed an agreement to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion).

The acquisition enables P&G to add to its portfolio of existing consumer healthcare capabilities and brands such as Vicks, Metamucil, Pepto-Bismol, Crest and Oral-B.

($1 = 0.8080 euros)

(Reporting by Shalini Nagarajan in Bengaluru; Editing by Sunil Nair)

 

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First Published: Apr 19 2018 | 10:07 AM IST

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