date:Sep 10, 2013
GlaxoSmithKline (GSK), a world leading pharmaceutical and healthcare company, announced on Monday that it has reached an agreement with Japanese Suntory Beverage Food Ltd (SBF) on the sales of its nutritional drinks brands Lucozade and Ribena for 1.35 billion pounds (about 2.12 billion U.S. dollars) in cash.
GSK said in a statement that the transaction would be completed by the end of the year, and the deal was subject to regulatory approvals.
According to GSK, the proceeds from the transacti