Pfizer successfully offloaded shares worth approximately $3.26 billion in Haleon, the world's largest standalone consumer healthcare firm. The transaction was executed at 380 pence per share.
This sale significantly reduces Pfizer's ownership stake in Haleon to 15%. The divestiture is part of Pfizer's ongoing strategy to optimize its portfolio and focus on its core pharmaceutical business.
The proceeds from this sale provide Pfizer with substantial capital, which can be deployed for strategic initiatives such as research and development, acquisitions, or further debt reduction. This move enhances the company's financial flexibility and strategic focus.
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