Novartis completes sale of stake in consumer healthcare joint venture to GSK for USD13.0 billion

- Novartis AG ("Novartis") today announced the completion of the divestment to GlaxoSmithKline PLC ("GSK") of its 36.5 percent stake in a consumer healthcare joint venture (JV) for a total consideration of USD13.0 billion. The divestment was completed in accordance with the terms of the transaction announced on March 27, 2018 and brings to an end Novartis’ participation in the JV, which was formed in 2015 as part of Novartis’ portfolio transformation.