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Suntory Holdings (2587.JP) Reportedly to Acquire Daiichi Sankyo (4568.JP) OTC Business for USD1.2B
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Nikkei reported on Wednesday that beverage and health products giant Suntory Holdings (2587.JP) will acquire the over-the-counter (OTC) drug business of pharmaceutical company Daiichi Sankyo (4568.JP) for approximately JPY200 billion (approximately USD1.2 billion). As consumers gradually move away from alcohol consumption, including Suntorys core products such as beer and whisky, the company plans to expand its health-related operations. Daiichi Sankyo will sell Daiichi Sankyo Healthcare, which primarily engages in OTC drugs. (da/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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