GSK completes divestment of Lucozade and Ribena to Suntory

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Issued: Tuesday 31 December 2013, London UK

GlaxoSmithKline (GSK) today completed the previously announced divestment of its nutritional drinks brands Lucozade and Ribena to Suntory Beverage & Food Ltd for £1.35 billion.

GSK – one of the world’s leading research-based pharmaceutical and healthcare companies – is committed to improving the quality of human life by enabling people to do more, feel better and live longer.  For further information please visit www.gsk.com.

About Suntory Beverage & Food Ltd

Suntory Beverage & Food Ltd (SBF) is a leading global soft drink company, headquartered in Japan and listed on the Tokyo Stock Exchange, with an integrated platform across four key regions: Japan, Europe, Oceania and Southeast Asia. SBF has an extensive product line-up and in 2012 was the number 4 supplier of soft drinks globally and 2nd in Japan. SBF’s vision is to be the leading global soft drink company recognized for its premium and unique brands.

SBF is a core company of Suntory Group, which was founded in 1899.  With global consolidated sales of over £12 billion in 2012, Suntory has a range of businesses encompassing alcoholic beverages, wellness, food, restaurants and flowers with approximately 200 companies and 29,000 employees across Japan, Europe, Asia Pacific and the Americas. For further information please visit http://www.suntory.com/softdrink/index.html

GSK enquiries:

 

 

 

UK Media enquiries:

David Mawdsley

+44 (0) 20 8047 5502

(London)

 

Simon Steel

+44 (0) 20 8047 5502

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David Daley

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Catherine Hartley

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US Media enquiries:

Stephen Rea

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(Philadelphia)

 

Melinda Stubbee

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(North Carolina)

 

Mary Anne Rhyne

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Sarah Alspach

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Jennifer Armstrong

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Analyst/Investor enquiries:

Sally Jackson

+44 (0) 20 8047 5543

(London)

 

Kirsty Collins (SRI & CG)

+44 (0) 20 8047 5534

(London)

 

Tom Curry

+ 1 215 751 5419

(Philadelphia)

 

Gary Davies

+44 (0) 20 8047 5503

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James Dodwell

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Jeff McLaughlin

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(Philadelphia)

 

Ziba Shamsi

+44 (0) 20 8047 3289

(London)

 

Lucy Singah

+44 (0) 20 8047 2248

(London)

 

 

 

 

Cautionary statement regarding forward-looking statements

GSK cautions investors that any forward-looking statements or projections made by GSK, including those made in this announcement, are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Factors that may affect GSK' s operations are described under Item 3.D 'Risk factors' in the company's Annual Report on Form 20-F for 2012.

News Source : GSK completes divestment of Lucozade and Ribena to Suntory

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