You are here: Home » Reuters » News
Business Standard

Germany's Merck hires JP Morgan to sell consumer health


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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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