Pfizer announced its intention to offload approximately 540 million shares in Haleon, the British consumer healthcare company. This move represents a significant reduction in Pfizer's stake in the firm.
The planned divestiture aligns with Pfizer's strategy to streamline its portfolio and concentrate on its core biopharmaceutical business. Such a sale is expected to generate substantial capital, which can be reallocated to strategic priorities, including pipeline development or debt reduction.
This action follows previous steps by Pfizer to reduce its ownership in Haleon, indicating a continued focus on optimizing its asset base. The transaction is a material financial event for the company, impacting its balance sheet and future investment capacity.
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