REG - Haleon PLC - Completed acquisition of remaining 12% in China JV

HALEONAnnouncement

27/06/2025 10:00

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RNS Number : 7406O  Haleon PLC  27 June 2025

 

Haleon plc: Completion of acquisition of remaining 12% in China JV

 

27 June 2025: Haleon plc (the "Company" or "Haleon") today announces that it
has completed the acquisition announced on 15 April 2025, of the remaining 12%
equity interest in Tianjin TSKF Pharmaceutical Co. Ltd ("TSKF"), its OTC joint
venture in China for a total consideration of RMB 1,623 million (c. £0.2
billion). As a result, TSKF is now a wholly owned subsidiary of Haleon.

 

China is a key market for Haleon which is underpinned by favourable structural
drivers. The acquisition of TSKF which has a long heritage of operational
excellence will enable Haleon to drive category growth in one of the fastest
growing OTC markets globally. TSKF accounted for c. 40% of
Haleon's China revenues in 2024 and manufactures and/or distributes leading
brands such as Fenbid, Voltaren and Bactroban. This acquisition will deliver
increased strategic, and operational flexibility, and is fully consistent with
our capital allocation priorities to drive attractive returns for shareholders
and maintain a strong investment grade balance sheet.

 

Enquiries

 

 Investors                                                                       Media

 Jo Russell                              +44 7787 392441                         Zoë Bird                             +44 7736 746167
 Rakesh Patel                            +44 7552 484646                         Victoria Durman                      +44 7894 505730
 Emma White                              +44 7823 523562
 Email: investor-relations@haleon.com (mailto:investor-relations@haleon.com)     Email: corporate.media@haleon.com (mailto:corporate.media@haleon.com)

 

About Haleon

Haleon (LSE/NYSE: HLN) is a global leader in consumer health, with a purpose
to deliver better everyday health with humanity. Haleon's product portfolio
spans six major categories - Oral Health, Vitamins, Minerals and Supplements
(VMS), Pain Relief, Respiratory Health, Digestive Health and Therapeutic Skin
Health and Other. Its long-standing brands - such as Advil, Centrum, Otrivin,
Panadol, parodontax, Polident, Sensodyne, Theraflu and Voltaren - are built on
trusted science, innovation and deep human understanding.

 

For more information, please visit www.haleon.com.

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