Unilever to buy GSK’s Horlicks business for $3.8billion

Unilever is to buy GlaxoSmithKline’s Horlicks nutrition business for $3.8 billion, boosting the Anglo-Dutch group’s position in India by adding the popular malted drink. The deal, announced on Monday, increases the consumer goods giant’s reach in one of the world’s fastest-growing economies and marks a notable addition to the portfolio by outgoing Chief Executive Paul… Read More Unilever to buy GSK’s Horlicks business for $3.8billion

Belgium’s richest man Albert Frere dies at 92

Albert Frere, a veteran dealmaker whose impeccable business timing made him Belgium’s richest man, died on Monday at the age of 92, the firm he built, Groupe Bruxelles Lambert (GBL), said. Frere had stepped down as a director of GBL and GBL’s Swiss-based shareholder Pargesa three years ago, though he remained one of the controlling… Read More Belgium’s richest man Albert Frere dies at 92

GSK set to acquire cancer drugmaker Tesaro in $5.1billion deal

GlaxoSmithKline has agreed to buy U.S. cancer specialist Tesaro for $5.1 billion, marking a major biotech investment by Chief Executive Emma Walmsley as she seeks to rebuild the group’s pharmaceuticals business. GSK has lagged rivals in recent years in producing multibillion-dollar blockbusters and it largely sat out a spate of dealmaking by rival drugmakers under… Read More GSK set to acquire cancer drugmaker Tesaro in $5.1billion deal

Qatar announces departure from OPEC, to focus on gas ambitions 

Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group’s de facto leader Saudi Arabia and marring efforts to show unity before this week’s meeting of exporters to tackle an oil price slide. Doha, one of OPEC’s smallest oil producers but the world’s… Read More Qatar announces departure from OPEC, to focus on gas ambitions 

Verizon, Samsung to release 5G smartphones in U.S. in first half of 2019

Verizon Communications Inc and Samsung Electronics Co Ltd said on Monday they plan to release 5G smartphones in the first half of 2019 in the United States. The news comes after Bloomberg reported, citing sources, that Apple Inc is planning to wait until at least 2020 to release its 5G iPhones. Apple’s delay makes it… Read More Verizon, Samsung to release 5G smartphones in U.S. in first half of 2019