Suntory Beverage & Food Ltd Announces Notification Regarding Partial Transfer of Business from U.K. Based GlaxoSmithKline plc


Monday, 9 Sep 2013 03:30am EDT 

Suntory Beverage & Food Ltd announced that it will acquire from U.K. based GlaxoSmithKline plc, (GSK), the two beverage brands "Lucozade" and "Ribena" as well as their related business and assets, and has concluded a sales contract with GSK. A new company in Europe, which is wholly owned by Suntory Beverage & Food Ltd, will be established in order to acquire these businesses. The transaction amount is approximately JPY 210.6 billion, or GBP 1,350 million. 

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