Takeda Pharmaceutical Co has agreed to sell its Japanese consumer healthcare business to U.S. investment fund Blackstone Group for 242 billion ...
Takeda Pharmaceutical Co has agreed to sell its Japanese consumer healthcare business to U.S. investment fund Blackstone Group for 242 billion yen , Japan's largest drugmaker said on Monday.
FILE PHOTO: Takeda Pharmaceutical Co's logo is seen at its headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-HoonTOKYO: Takeda Pharmaceutical Co has agreed to sell its Japanese consumer healthcare business to U.S. investment fund Blackstone Group for 242 billion yen , Japan's largest drugmaker said on Monday.
The sale of Takeda Consumer Healthcare Company, which makes over-the-counter drugs and health products, is expected to close by March 31, subject to regulatory closing conditions, the company said in a statement.Takeda has been reducing its OTC assets worldwide as it seeks to refocus its business and reduce debt after its US$59 billion acquisition of Shire.
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