GSK raises $1.24 billion from latest Haleon stake sale

(Reuters) – British drugmaker GSK said on Wednesday it had raised 978 million pounds ($1.24 billion) from a discounted stake sale in Haleon, cutting its shareholding to 4.2% in the world’s largest standalone consumer healthcare firm.

GSK sold around 300 million shares in its spun-off unit at a price of 326 pence per share.

($1 = 0.7918 pounds)

(Reporting by Chandini Monnappa and Prerna Bedi in Bengaluru; Editing by Subhranshu Sahu)